Vacant Properties
Whether your property is for sale or between tenants, vacant property insurance is essential. At MyRentalGuard we specialize in safeguarding your investment.
Covering Your Vacant Property
We understand that vacant properties come with unique risks from vandalism and theft to weather-related damage. That’s why we focus on providing comprehensive, flexible insurance solutions for unoccupied homes, buildings, and investment properties. Whether you’re between tenants, renovating, or listing a property for sale, we’re here to help you protect your asset and your peace of mind.
How much coverage should I have for my vacant property?
The amount of coverage you need depends on factors like your lender’s requirements, your plan in the event of a total loss, and your personal risk tolerance. We work with you to assess your risk to determine the right coverage and make sure that your bottom line is protected.
Is there coverage for properties under renovation?
We can provide coverage for your properties while undergoing renovations. Our policies cover you for the purchase price of your property and all completed renovations at the time of a loss, ensuring your invested capital is protected.
What happens to my policy if occupancy changes?
If your property becomes occupied by tenants, or your tenants move out, just let us know. We’ll seamlessly continue your coverage without interruption. When you sell the property, you can cancel your policy anytime with no minimum earned premiums.
Vacant Property Coverage
Designed specifically for homes between tenants, renovations, or properties for sale, this insurance helps keep your investment secure while the property is empty.
Some common perils covered by vacant property insurance include:
- Wind
- Lightning
- Fire
- Vandalism
- Hail
The second major component of insurance for apartment building owners is liability coverage. This type of insurance primarily protects against legal claims and medical expenses. For instance, general liability insurance can help cover costs if someone is injured on your property due to negligence and decides to file a lawsuit.
- Bodily Injury
- Property damage
- Personal Injury
- Legal Defense Costs
- Medical Expenses
- Blah Blah
Key takeaways
If your vacant property isn’t properly insured, a single incident—like property damage or a liability claim—can seriously impact your investment. That’s why it’s essential to choose vacant property insurance with coverage tailored to the specific risks of an unoccupied building.
- Standard homeowners insurance usually won’t cover vacant properties.
- Property damage and liability coverage are critical to protect your asset.
- Explore additional endorsements for risks like vandalism or water damage.
- Understand what your policy excludes to avoid surprises
- Evaluate the unique risks your vacant property may face based on location and condition
Our vacant property insurance is designed to give real estate investors peace of mind. With flexible terms, competitive rates, and tailored coverage, we make protecting your unoccupied property simple and stress-free.
Don’t wait for something to go wrong. Let MyRentalGuard help safeguard your investment with coverage that’s built for vacancy.
Why Choose Us?
Flexible Billing Options
Pay for coverage monthly or annually with no long-term commitments
Simple Claims Processing
Submit claims easily online, supported by dedicated claims staff
Easier Insurance Management
All properties on one monthly report adding and deleting properties as you go.