Do you own a plot of land that’s undeveloped? Whether you use the land for fishing, hunting, or plan to build on it one day, that land is valuable to you. If your land has no existing structures, you may not be legally required to have it insured. However, it’s important to be fully covered in case of injuries, property damage, or an accident on your property. To make sure you’re covered from potential risks, you’ll want to look into vacant land insurance.
Vacant lot insurance is for exactly that—a vacant lot. As soon as you place a structure on your land, whether or not it’s temporary, vacant land liability insurance no longer applies. With a vacant lot insurance policy, you’ll feel safe knowing that if you’re found responsible for an accident on your property and someone files a lawsuit against you, it will help cover your legal fees. If you have an old, abandoned building on your property, you’ll want to talk to a Regal Insurance broker for the separate insurance requirements for that structure. Consider all your risks and contact us to decide whether vacant land liability insurance is right for you.
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