Insurance
For The North

Protecting your vacant property or land is essential to safeguard your investment and avoid unexpected financial burdens. At 705 Insurance, we understand that these assets face unique risks and require specialized coverage. With access to Canada’s top carriers, we provide tailored solutions for both vacant properties and undeveloped land, ensuring you receive the best protection at the most competitive rates.

What is Vacant Property Insurance?

Vacant Property Insurance is designed for homes or buildings that are unoccupied for extended periods. Standard homeowner’s insurance often excludes coverage for vacant properties, as they are more susceptible to risks like vandalism, theft, and fire. This specialized insurance provides peace of mind by covering these vulnerabilities and protecting your investment until the property is occupied again.

What is Vacant Land Insurance?

Vacant Land Insurance covers liability risks associated with owning undeveloped land. Even if the land is not actively being used, you could be held liable for accidents or injuries that occur on the property. This insurance ensures you’re protected from potential lawsuits or claims, making it an essential policy for landowners.

Benefits of Vacant Property and Land Insurance with 705 Insurance

• Comprehensive Protection: Safeguard your vacant home or land from risks like vandalism, fire, and liability.

• Customized Policies: Tailor coverage to your property’s specific needs, including location and intended use.

• Competitive Rates: Leverage our access to Canada’s top carriers to find the most affordable options.

• Peace of Mind: Focus on your plans for the property while we handle the risks.

• Expert Advice: Our brokers simplify the process and provide clear guidance to ensure you’re fully protected.

Common Questions About Vacant Property and Land Insurance

• How is vacant property insurance different from homeowner’s insurance? Homeowner’s policies typically exclude coverage for homes that are unoccupied for more than 30 days, while vacant property insurance fills this gap by covering specific risks.

• Do I need vacant land insurance if my land is undeveloped? Yes, liability risks can arise even if the land is not in use. Vacant land insurance protects you from potential claims due to injuries or accidents.

• Can I switch policies if my property becomes occupied? Absolutely. We can help you transition to a standard homeowner’s policy or other coverage once your property is no longer vacant.

Clearing Up Misconceptions

Some property owners believe vacant land doesn’t require insurance because it lacks structures, but liability risks are always present. Others think vacant property insurance is unnecessary if they visit the property occasionally. However, the risk of vandalism, theft, or fire remains high, making specialized coverage essential. At 705 Insurance, we ensure you’re fully informed and equipped with the right policy.

Real-Life Examples

• For Vacant Properties: A homeowner insures their vacant rental property while searching for new tenants, protecting against vandalism and fire damage.

• For Vacant Land: A landowner insures a large undeveloped plot to safeguard against liability claims from hikers who accidentally injure themselves on the property.

• For Seasonal Homes: A family insures their unoccupied vacation home during the off-season, ensuring it’s protected while unoccupied.

The 705 Insurance Difference

At 705 Insurance, we’re dedicated to protecting your investments with tailored solutions for vacant properties and land. Our brokers work closely with you to understand your unique needs and provide policies that offer comprehensive coverage at competitive rates. Don’t leave your property unprotected—contact us today to secure a personalized policy and protect your investment with confidence!