Extended vacancy can change the risk insured under a Landlords Insurance policy. Insurers use different vacancy periods and conditions, so do not assume every policy treats an unoccupied property in the same way.

Why does vacancy matter? #

An unoccupied property can be more exposed to theft, vandalism, undetected water leaks, fire, squatting and damage that is not discovered promptly.

When is a property considered vacant? #

The definition and timeframe vary between insurers. A policy may apply special conditions after the property has been unoccupied for a specified number of consecutive days.

A normal short period between tenants may be acceptable, but Webber Insurance should be told if the vacancy is expected to become prolonged.

How can vacancy affect the policy? #

Depending on the insurer and policy:

• An additional excess may apply.
• Cover for some events may be restricted.
• Security or inspection requirements may apply.
• The insurer may require notification or approval.
• Additional premium may be charged.
• Continued cover may be unavailable.

Keep a record of when the property became vacant, why it is vacant, how often it is inspected and what security and maintenance arrangements are in place.

What if the property is being renovated? #

Significant renovations can create risks that ordinary Landlords Insurance does not fully cover. The insurer may need details of the work, its value, the expected duration and whether the property will remain occupied.

Depending on the project, Contract Works Insurance or another policy may need to be considered. Contact Webber Insurance before substantial work begins or as soon as an extended vacancy becomes likely.