Many people don’t realize that homeowners policies and commercial property policies contain exclusions for certain causes of loss if the building has been vacant for a period of time. This can cause issues when a loss arises to the vacant structure.
It is highly recommended that you contact your agent if you own a vacant property, or if you plan on leaving you property vacant for a period of time. We often see this happen when a home owner or building owner moves to a new location and leaves their old location vacant. If this topic is not discussed, it could very well lead to an uncovered claim.
We are typically able to endorse a policy or purchase a new policy that extends coverage for most losses to a vacant building. Make sure you contact your agent, or us at Shelbyville Insurance, to discuss the vacancy exclusions in your policy.
Garrett Ulmer & Derek Hayden | (217) 774-2155