Vacant Property Insurance: Your Questions Answered
When a property goes up for sale, owners often assume their standard homeowner’s insurance policy continues to fully protect them. Unfortunately, that’s not always the case. Many traditional policies limit or even exclude coverage once a home becomes vacant—and that can leave owners exposed during the selling process.
To help you understand how to protect a home that’s sitting empty, here’s a simple Q&A guide to vacant property insurance, featuring how the Dan Baze Agency can help.
What is vacant property insurance?
Vacant property insurance is a special type of policy designed to protect homes or buildings that are unoccupied for an extended period—typically 30 to 60 days or more. During vacancies, insurers view properties as higher risk due to issues like vandalism, undetected damage, or weather-related problems.
A vacant property policy fills the coverage gaps your standard policy may create once the home becomes empty.
Why do properties for sale often need vacant property insurance?
When a home is listed for sale, it’s common for the owner to move out before closing. Once the property is unoccupied for long enough, the existing homeowner’s policy may reduce or eliminate coverage for:
- Theft or vandalism
- Water damage
- Fire damage
- Liability claims
- Certain weather-related losses
Vacant property insurance ensures the home remains fully insured while waiting for a buyer.
Is a property considered “vacant” or “unoccupied”?
These terms sound similar but have different insurance meanings:
- Vacant: No people living in the home and little to no furniture.
- Unoccupied: The home still has furnishings and is set up for normal living, but no one is currently staying there.
Many insurers adjust or suspend coverage for vacancies, not merely for being unoccupied. That’s why it’s important to clarify your situation with an agent who understands the distinctions.
What perils do vacant property insurance cover?
Coverage varies by company, but most policies can include protection for:
- Fire
- Smoke damage
- Theft (often optional)
- Wind or hail
- Liability protection
Some insurers allow you to add endorsements for additional risks such as Vandalism and Malicious Mischief. The key advantage is flexibility—you can tailor coverage to match the condition and location of the property.
How long can I keep a vacant property policy?
Vacant property insurance is typically offered in flexible terms—commonly 3, 6, or 12 months. This works perfectly for homes on the market, renovations, estate properties, or seasonal vacancies.
If your home sells earlier than expected, you can often cancel the policy and receive a refund for unused premium.
Is vacant property insurance expensive?
Depending upon the perils selected and whether you choose replacement cost or ACV coverage, it can cost more than a standard homeowners policy because the risks are higher. However, the cost is still small compared to the financial loss you could face if a claim is denied under a traditional policy.
Working with an experienced agent can help you secure the right level of coverage without overpaying.
Can the Dan Baze Agency provide vacant property insurance?
Yes! The Dan Baze Agency specializes in helping homeowners, investors, and sellers secure reliable vacant property coverage. Whether your home is staged, empty, or undergoing repairs, the agency can customize a policy that fits your timeline and budget.
They make the process simple:
- Quick eligibility assessment
- Clear explanation of available coverage options
- Flexible policy terms
- Guidance on documentation and risk management
If your property is on the market—or about to be—the Dan Baze Agency can help you stay protected the entire time.
How do I get a quote?
Contact Dan Baze Agency directly at (806) 503-2533 to get a personalized vacant property insurance quote. An agent can review your current situation and ensure there are no gaps in your coverage while your home is for sale.
