Vacant land liability insurance coverage you need
If you own vacant land, incidents that occur on the property can leave you exposed to liability risks. National Real Estate Insurance Group can help protect you and your investment with vacant land liability insurance.
Submit your vacant land information using our online proposal request, and receive a custom proposal. An agent will contact you to go over your insurance options and help you choose the best coverage for your specific situation.
Start a proposal request to get your vacant land liability insurance today!
What does vacant land
liability insurance cover?
Liability coverage is needed to help protect your real estate investment from third party claims. Just one slip and fall on your land could cost you thousands of dollars in potential liability clams. Examples of vacant land liability coverage may include:
- Bodily injury to a third party that happens on your vacant land
- Medical expenses if someone is injured on the property
- Defense costs if someone is injured on your vacant land
The following options are available for dedicated per property limits:
- $1,000,000 per occurrence/$2,000,000 annual aggregate
How much does vacant land liability insurance cost?
Liability insurance cost for vacant land starts as low as $12 per month for $1,000,000 per occurrence and $2,000,000 aggregate limits of liability. Cost will vary depending upon the geographical location and the amount of land being insured.
What if I decide to build on the land?
If you choose to build on the property, just let us know and we will add new construction insurance coverage to help protect the dwelling being built. Because of our monthly reporting form, this can be done seamlessly without any interruption of coverage. Your new monthly cost will reflect new construction dwelling coverage. Examples of covered causes of loss may include fire, lightning, windstorm and hail, vandalism, and more.
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 investment property insurance?
Read one of our articles about liability insurance or go to our Resource Center to learn more about insuring your investment properties.
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