Do you have a vacant building or vacant house in Georgia? Do you have a partially vacant building? The Roberts Insurance Group can help you with your vacant building insurance or vacant dwelling insurance. Commercial buildings have seen an increased in vacancies or partial vacancies.
Is your insurance carrier cancelling or non-renewing your insurance because all or a part of your building is vacant? If so, we can help.
There are many reasons why a house or building maybe vacant or unoccupied.
For insurance purposes, there are rating and coverage differences on a vacant/unoccupied building versus an occupied building. Generally, when the building is occupied, losses and damage are generally spotted faster. A pipe that breaks in the middle of the day, maybe found in a few moments, rather than a few days or few weeks later where the damage is much more extensive.
Also, vacant buildings or unoccupied buildings are seen as an attractive nuisance and they are much more susceptible to crime; whether it is the local neighborhood kids looking for a place to hang out, or the thief that is looking to make a few dollars by stealing and selling the copper out of the building.
Each company is slightly different, so read your insurance policy. But generally once the home is unoccupied or vacant for 45-60 days, the coverage is limited on the structure or building only.
You may find that claims are uninsured by up to 15% and that there is no coverage for theft, vandalism, and some types of water claims.
If you have a property that has recently become vacant or unoccupied, read your policy or speak with your licensed insurance professional to see how your coverage will respond.
At the Roberts Insurance Group we can help you with all types of Vacant Buildings including:
At the Roberts Insurance Group we understand vacant and unoccupied buildings and we have the companies to meet your needs and give you a yes answer to all of the above questions. Reach out to us today.
Is your insurance carrier cancelling or non-renewing your insurance because all or a part of your building is vacant? If so, we can help.
There are many reasons why a house or building maybe vacant or unoccupied.
- The house or building may be up for sale and awaiting settlement
- You may have just purchased the vacant building and it needs to be renovated before you can move in
- Maybe the building is in the name of an Estate and nothing can be done with the building until the estate closes
- The tenant just moved out and you are actively searching a replacement
For insurance purposes, there are rating and coverage differences on a vacant/unoccupied building versus an occupied building. Generally, when the building is occupied, losses and damage are generally spotted faster. A pipe that breaks in the middle of the day, maybe found in a few moments, rather than a few days or few weeks later where the damage is much more extensive.
Also, vacant buildings or unoccupied buildings are seen as an attractive nuisance and they are much more susceptible to crime; whether it is the local neighborhood kids looking for a place to hang out, or the thief that is looking to make a few dollars by stealing and selling the copper out of the building.
Each company is slightly different, so read your insurance policy. But generally once the home is unoccupied or vacant for 45-60 days, the coverage is limited on the structure or building only.
You may find that claims are uninsured by up to 15% and that there is no coverage for theft, vandalism, and some types of water claims.
If you have a property that has recently become vacant or unoccupied, read your policy or speak with your licensed insurance professional to see how your coverage will respond.
At the Roberts Insurance Group we can help you with all types of Vacant Buildings including:
- Vacant Buildings
- Partially Vacant Buildings
- Vacant Condo Units
- Vacant Leased Space
- Risks with renovations
- Residential & Commercial Risk
- 3 Month
- 6 Month
- 9 Month
- 12 Month
At the Roberts Insurance Group we understand vacant and unoccupied buildings and we have the companies to meet your needs and give you a yes answer to all of the above questions. Reach out to us today.