Vacant Property Insurance coverage you need
Vacant property insurance is a must-have when you have a property that is listed for sale or in-between tenants. National Real Estate Insurance Group can help protect your vacant property and your real estate investment.
Submit your property information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your custom insurance options and help you choose the best coverage for your specific situation.
Start a proposal request to get your vacant property insurance solutions today!
What does vacant property
insurance cover?
When insuring a vacant property, dwelling coverage can protect your property against direct physical damage to the property, such as:
- Fire
- Lightning
- Windstorm and Hail
- Vandalism
- Named Windstorm and more
Choose between Basic and Special form coverage when discussing insurance options with your agent.
Liability insurance for
vacant properties
Premises Liability coverage is critical in protecting you, the investor, from claims that happen at your investment property. Examples may include:
- If someone were to slip and fall on your property
- If a dog bite were to occur on your property
- Coverage extends to pools and spas, provided they meet code
- Medical expenses are included
Our liability insurance options start as low as $7 per month, per property for $1,000,000 per occurrence and $2,000,000 aggregate limits of liability.
How much vacant property insurance coverage do I need?
Vacant property insurance provides coverage in an event of a loss at the property while it’s vacant. The amount of coverage will depend upon requirements from your lending institution, your exit strategy in the event of a total loss, and your appetite for risk. After you request a proposal, an agent will discuss with you how much coverage you need as each situation is unique. You can request a proposal or call 888.741.8454 to discuss your proposal with one of our licensed insurance professionals.
How much does vacant property insurance cost?
Insurance costs for vacant properties vary greatly based on coverages you chose to carry, deductible, where your property is located, and the size of your portfolio. With us, you can insure your tenant-occupied property at $75 per square foot to obtain Actual Cash Value coverage with no coinsurance and $120 per square foot for Replacement Cost coverage. Because of our monthly reporting form, you can pay for coverage monthly, never overpaying for vacant property insurance.
Do I need to cancel coverage when I get tenants?
If you occupy the property with tenants, let us know and we can continue coverage with no interruptions. If you sell the property, cancel coverage with no minimum earned premiums. Our monthly reporting form allows you to make changes and cancel coverage at any time.
Why choose us when insuring your vacant property?
Ease of Use
Insure your entire investment portfolio on one monthly report
Monthly Payments
Set up auto pay and pay for coverage monthly as-you-go
Leading Carriers
All coverage underwritten by AM Best “A-” or better rated carriers
Nationwide Coverage
Insure your investment portfolio in one place with coverage across 48 states
Add more coverage to your vacant property insurance
With National Real Estate Insurance Group, you can add extra coverage options to your vacant property insurance. After you request a proposal, an agent will contact you to discuss your proposal and offer additional coverages to limit your exposure. We have products ranging from flood to service line to additional liability limit options.
Need to speak to an agent?
Please give us a call at 888.741.8454 to speak to a licensed insurance professional. If you would like to discuss your specific location, please request an insurance proposal and one of our agents will contact you shortly.
Want to learn more about vacant property insurance?
Read one of our articles about insuring vacant properties or go to our Resource Center to learn more about different insurance topics.
NREIG Offers Insurance Solutions for Every Type of Investment Property
Protecting your investments with the right insurance coverage is crucial. At NREIG, we offer a variety of insurance options tailored [...]
Vacant Property Risks – Autumn
Autumn is a signal to start wrapping up outdoor rehab work, a time to start “battening down the hatches” [...]
Protect Your Vacant Property from Water Damage This Winter
Of the three leading causes of property damage—fire, theft/vandalism, and water damage—the last one is usually the easiest to prevent. [...]
8 Great Ways to Protect Vacant & Renovation Properties
When we look at claims data, we see that many of the properties subject to break-ins, thefts, and vandalism are [...]