Vacant Building Insurance

Vacant Building Insurance

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Vacant Property Insurance

Owning a vacant building in California can pose serious liabilities because vacant buildings are more susceptible to vandalism, undetected repairs, fire and other losses. If you own vacant property, it is advisable to purchase Vacant Property Insurance, also known as Vacant Building Insurance or Vacant Dwelling Insurance, to protect against risks.  GDI Insurance Agency, Inc. is your source for comprehensive vacant property insurance.

Vacant Property Risks

The following are the most prevalent risks to vacant properties:

  • Fire
  • Lightning damage
  • Explosion
  • Windstorm or hail damage
  • Smoke
  • Riot or civil commotion damage
  • Sprinkler leakage
  • Sinkhole collapse
  • Vandalism (no one is present to deter vandals)
    • Malicious mischief on the property and general property destruction
    • Presence of squatters on the property causing damage without owner

Insurance Solutions

Under certain policies, Vacant Property Insurance can provide protection if your building goes unoccupied for as little as four days. It also protects against liabilities in the event someone is injured on your property and sues for damages. In some cases, it is required when a property owner dies and the property goes to an estate sale. It may also be a viable option if the property is in the process of being sold or if it is under construction and is uninhabitable.

In addition to purchasing coverage for a vacant building, take the
following actions:

  • Regularly inspect it for damage or threats of damage
  • Seal off windows and letterboxes
  • Install alarm systems that are triggered by intruders, fires or floods

Vacant Property Insurance

If your occupied property becomes vacant, it is imperative that you notify GDI Insurance Agency, Inc. immediately. If you fail to give us adequate notice (in some cases, the required notice is 60 days after it becomes vacant) and you suffer a loss, coverage may be denied.

We understand that unfavorable incidents can occur, but Vacant Property Insurance can provide necessary protection. Contact GDI Insurance Agency Inc. at 1-209-634-2929 today for more details.

Get a Quote for Vacant Building Insurance