You’ll likely hear of “vacant” or “unoccupied” properties. These words have important meaning when it comes to insurance. A property is “vacant” when the owner does not intend to return – such as when it is sold. An “unoccupied” property means the owner is away temporarily – such as being on vacation.
Advising customers on what insurance coverage they need for vacant or unoccupied properties is a regular occurrence for MCT Insurance.