Understanding Vacant Property Insurance: Coverage for Empty Homes

Vacant properties are more vulnerable to risks than occupied ones. Whether you’re renovating, selling or between tenants, leaving a property unoccupied can expose it to theft, vandalism and weather-related damage. Vacant property insurance is a specialized policy designed to protect your investment financially during vacancy periods.

What Is Vacant Property Insurance?

Vacant property insurance is a type of coverage specifically tailored for unoccupied homes or buildings for an extended period, such as over 30 days. Standard homeowners insurance often excludes or limits coverage once a property becomes vacant, making this specialized policy essential for continued protection.

What Does Vacant Property Insurance Cover?

This type of insurance typically covers a range of risks, many of which may be heightened when a property is empty. Common coverages include the following:

• Vandalism and theft—Vacant buildings are often prime targets for break-ins and graffiti, but your policy can help pay for losses arising from such incidents.

• Fire and smoke damage—Without occupants, fires may go unnoticed and cause more destruction, necessitating robust coverage.

• Water damage—Leaking or burst pipes can go undetected, often leading to costly repairs, which may be covered by vacant property insurance.

• Liability protection—You may not be present to supervise your property, but if someone is injured, even if present without permission, this coverage can help with legal and medical costs.

Optional add-ons may include coverage for storm damage, glass breakage and even losses involving squatters.

Who Needs Vacant Property Insurance?

Anyone who owns a property that will be unoccupied for an extended time should consider this coverage. This includes:

• Homeowners in transition (moving, renovating or selling)

• Landlords between tenants

• Real estate investors

• Estate executors managing inherited properties

We’re Here to Help

Contact Bargain Insurance Connection in Kansas City, Missouri, today to learn more about vacant property coverage or compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.