Insuring a vacant home is a particularly troublesome aspect of global risk management.
In most jurisdictions, domestic insurers are reluctant to cover vacant
dwellings. Often, these insurers will either provide limited coverage
or no coverage at all, thus creating the potential for a serious financial
loss to the homeowner. We are keenly aware of this problem and, as a
result, provide coverage for vacant principle dwellings. Our policy offers the following coverage features:
Our definition of "Dwelling" includes materials and supplies
located on the residence premises.
10% of the insured value of your dwelling is automatically extended
to insure other structures located on the residence premises.
Our policy pays the costs incurred by you to protect your dwelling
from further damage following a covered loss.
You are insured for the breakage of glass or safety glazing material
forming part of a covered building, storm door or storm window.
We insure you against suits brought for damages arising out of the
ownership, maintenance or use of your vacant dwelling. This coverage
also includes defense costs and medical expenses.
Vacant Homes and Tenant Occupied Properties
Coverage