Many insurance companies consider Vacant properties of high-risk, seeing as it is more likely to suffer certain kinds of damage, such as a break-ins, theft, or damage that grows to a large scale, for example a water leak that goes undetected for weeks.
When a home becomes vacant, a standard homeowner’s policy may give the carrier the right to cancel mid-term, lower coverage levels, or even deny a claim.
Whether your property is undergoing renovations, being sold, being rented and in the midst of moving in/moving out tenants – You’ll need a Vacant Property policy in order to properly protect your specific building.
Vacant Property Insurance
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