A property is considered vacant after 60 consecutive days with no people and no belongings—no personal property or furnishings. If belongings are still in the home but no one is living there, it's unoccupied, not vacant.
Once a property is identified as vacant, it triggers increased exposure to certain hazards. Coverage for these specific perils is excluded under an HO-3 or HO-5 policy:
- Vandalism
- Malicious mischief
- Burglary
- Breakage of glass or safety glazing material
Coverage for the above perils is typically found under a specialized Vacant Building policy. Openly does not offer Vacant Building policies.
Example: A seasonal home full of the owner's furniture is considered unoccupied, while an empty home for sale, cleared out between owners, is considered vacant
Unoccupied Homes & Minor Renovations
For unoccupied primary and secondary/seasonal homes undergoing minor renovations, agents can add the Under Construction Endorsement. This endorsement removes the exclusion for the theft of building materials or supplies until the minor project is completed
Ineligibility Warning: Homes that are either ground-up new builds or undergoing major renovations are completely ineligible for coverage with Openly. The Under Construction endorsement cannot be used for these risks.
The above is meant as general information. This information does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to general claims handling steps, average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation.
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