What is Considered a Vacant Building or Vacant Land? [Vacant Property Insurance Explained]
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What is Considered a Vacant Building or Vacant Land? [Vacant Property Insurance Explained]
What exactly classifies as a vacant building when you're insuring vacant property? It comes down to the percentage of vacancy in the building. If it's 60 to 100% vacant, it will likely be eligible for vacant property insurance by most carriers. Vacant land is defined as land with no development, no infrastructure, no existing occupied buildings ...
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