May9WedMay 9, 2018 L.D. Dermody Insurance Team
Vacancy refers to the circumstance where, regardless of the presence of furnishings, all occupants have moved out with no intention of returning, or in the case of a newly constructed dwelling, no occupant has yet taken up residence.
There are a number of circumstances that lead to vacant property: tenants move out, owners vacate their property early during the sale of their home or estates become vacant after an owners passing. When it comes to vacant properties there is an increased threat of theft, vandalism, fires, slip and falls and water damage. How do you make sure that you are covered?
When your place becomes vacant:
Loss Prevention Tips for Vacant Dwellings: