In this tough economic time and with foreclosures on personal residences and businesses at a record high more and more properties are now vacant. Vacant buildings are more prone to arson, theft of copper plumbing, vandals and water damage. On the liability side, vacant property is often an attractive nuisance.
All policies contain a vacancy provision. In a homeowners policy the vacancy exclusion typically applies after a home has been empty for 30 to 60 days. At this point, the policy starts taking away coverage. After 30 days vandalism is removed.