What Is The Vacancy Clause?
Nearly all vacation rental home insurance policies have what's called a 'vacancy clause' and it's important every owner understands it's limitation. Unfortunately, with the recent COVID-19 pandemic, most vacation rental owners have experienced a wave of cancellations, which means vacant properties, or at minimum unoccupied properties. What does this mean from an insurance perspective? No Coverage for Vandalism, Water Damage, and Theft If a property is deemed vacant at [...]