Does My Home Insurance Cover Vacant Land?

Owning vacant land may create the potential for exciting and lucrative projects; however, these properties may also bear significant risks and exposures. While a lot is vacant, meaning it has no structures or occupants, many incidents could still occur. Even if someone is trespassing on your land, you could be held responsible for their injuries and losses. With that in mind, it’s necessary to understand your insurance options. a close up of a dry grass field

Coverages for Vacant Land

As you seek to insure your vacant land, you should take time to understand what types of insurance may be available, and which is the optimal choice for your situation.

Homeowners insurance—Your standard homeowners insurance policy generally includes personal liability insurance coverage. This component of your policy can extend to incidents for which you were responsible, even if they did not occur at your home. Your homeowners coverage could provide adequate financial protection for the following incidents occurring on your vacant lot:

Bodily injury—If a third party, such as someone hunting on your land or simply passing through, is injured while on the property, your insurance can pay for medical bills and lost or reduced wages if the incident affects their ability to work.

Property damage—If you are responsible for another party’s property damage, such as if the owner of an adjacent lot accrues losses due to a tree on your land falling into their land, this coverage can help pay for repair or replacement costs.

Vacant land insurance—If you do not have homeowners insurance or your policy cannot cover a vacant lot, this type of coverage can be added to your portfolio. These policies act as a form of general liability insurance that can help pay for the following:

Medical expenses

Lost or reduced wages

Death benefits

Legal costs

You need to have a complete understanding of your coverage. For example, you should review what defines a lot as “vacant.” Even small structures, such as wells, or paved areas may disqualify the land from coverage.

Get the Right Coverage

At ProtectALL Insurance, our agents are well-equipped with the knowledge and experience to help ensure you have suitable coverage for your vacant land. We will work with you to assess your property and circumstances, explain your options and build optimal policies. Visit our website or call 833-PROTECT to get started today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

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