Understand Vacancy Provisions

| Uncategorized.

Within the loss conditions of most property insurance policies is a section regarding building vacancy. This is true of both personal insurance such as home and landlord insurance, and commercial insurance such as lessor risk or other property policies. This vacancy provision limits coverage damage to vacant buildings caused by certain perils and potentially reduces… Read more »

The Vacancy Clause

| Business Insurance, Homeowners Insurance, Insurance education, Vacant Building Insurance.

Insurance companies have long recognized that they are assuming a greater risk by covering vacant property.   The longer a building sits empty, whether it be a home or commercial building, the greater the chance it will be vandalized, have an undetected water leak or even suffer a fire.  The Las Vegas area certainly has no shortage… Read more »