Vacant Property Insurance
Whether your rental property will be vacant for a few months or a few years, you need vacant property insurance from National Real Estate Insurance Group.
Standard landlord’s insurance policies don’t cover vacant property. If you have property that will be unoccupied for 30 days or longer, basic home insurance or landlord’s coverage may cease after 30 days. Traditional insurers do not generally offer coverage for vacant property, but at NREIG we specialize in it.
We can find the vacant building insurance you need whether you’re just starting your real estate career or you’re a bulk REO company buying properties in mass quantities and need to insure them in a way that’s cost effective and efficient.
Vacant property insurance is necessary to protect your business during the following situations:
- Between Renters
- Acquired Foreclosed or Auctioned Property
- Property Renovation
- Pending Sale
- Seasonal Rental
- Short Sale with Recent Vacancy
- And more…
Theft coverage is also available. This type of coverage is typically excluded from vacant property insurance policies offered by other insurers. In addition, our agency writes policies in all states and can handle many claims in-house.
When purchasing this type of insurance, it’s important to remember the insurance industry doesn’t have a firm grasp of the nuances of real estate investing. There’s a misconception that vacant properties present a significantly higher risk but at NREIG we understand the real estate market. We know that these fears are usually unfounded. For real estate investors who have disciplined business models, the exposures associated with vacant buildings are mitigated.
We are the industry expert for all of your vacant building insurance needs. Let us cater to your real estate investment business – whether you own one property or thousands of properties. Trust us to provide you with the solutions your business requires.
Contact us today to find out how we can decrease your risk exposures with our vacant property insurance policies.