Vacant Property Insurance Covers All Shapes & Sizes
Homes, rental properties, and business buildings can be unoccupied for several reasons. The previous homeowner might have been evicted, for example, and the property might be sitting unoccupied while it awaits a new buyer or lessee.
Or maybe a home’s current owner has already bought and moved into a new house but hasn’t sold the old one yet. Perhaps a business owner has invested in extensive upgrades to the building, requiring it to be unoccupied during the renovations. Maybe a military member stationed abroad maintains a home in the US that remains uninhabited most of the year. Or an apartment unit is empty while waiting for new tenant. Whatever the case, let Ashworth & Sachs Insurance Services be your guide to vacant dwelling insurance in Florida.
Vacant Dwelling Insurance: For the Vacant Property’s Unique Risks
Occupancy requirements are included in standard property insurance policies because unoccupied buildings—be they homes, businesses, apartment complexes or something else—face a higher risk of certain perils compared to occupied buildings:
- Trespassing
- Theft
- Vandalism
- Insect incursion
- Frozen or busted pipes
These differing risk ratios of vacant properties and owner-occupied buildings are the reason insurance carriers issue different policy types for the two.
Not Carrying Vacant Dwelling Insurance Could Leave Your Wallet Unfilled
Some home insurance carriers allow homeowners to add a vacant property addendum to their existing policy. Such coverages aren’t typical, though, and if you own an unoccupied property, it’s crucial to carry the proper coverage types.
If you insure a vacant property with standard business or home insurance and make a major claim, your insurance company will probably reject it once it learns you’re carrying the wrong policy. The entire policy will probably be nullified, leaving you financially responsible for all the property damages. Don’t leave yourself exposed to unnecessary risks, protect your assets with vacant dwelling insurance in Naples, Florida.
For a Free Quote on Vacant Dwelling Insurance in Florida, Contact Ashworth & Sachs Insurance Services
If you’re wondering about your options for covering a vacant dwelling property, call Ashworth & Sachs Insurance Services today at (239) 566-3355. We'll review your coverage needs and advise you regarding the best, most comprehensive coverage options for the lowest possible price. For a free online vacant dwelling insurance quote, fill out our online quote form on our contact page.