Vacant Land Coverage: The Things to Know


There are many things insurance brokers need to know about vacant land coverage. Whether your client’s land is one acre or several hundred, you need to be sure that you connect them with a policy that minimizes the many liabilities that arise from owning land. To secure the best coverage, your clients should understand their options, including personal lines coverage, vacant land insurance, and liabilities insurance.

The Basics About Vacant Land Coverage

Read on to learn more about the coverage that each of these options offers so that you can help your insureds obtain the proper coverage.

Personal Lines Minimize Your Liability

When your clients invest in a piece of property, they might have plans to develop it, build a home, or eventually resell it when the value grows. Throughout all of these processes, the liability of the potential property loss persists. Personal lines coverage is one of the most effective forms of coverage for this purpose because it offers protection against property loss. This policy would protect your clients if the land were to become irrevocably damaged or destroyed. This policy may even be able to cover losses from natural disasters.

Vacant Land Coverage Doesn’t Cover Structures

Although personal lines coverage is attractive, some people prefer to opt for vacant land coverage. This form of insurance offers benefits, too, including coverage for the liabilities that come with land ownership. One of the biggest concerns of any property owner would be the liability they face if an injury or other incident were to occur on their land. In this situation, your clients would need an insurance policy that shields them and their assets from litigation, settlements, medical bills, and other expenses that would otherwise come out of pocket.

Vacant land insurance offers this coverage. It is a type of liability coverage that protects a landowner from the aforementioned liabilities. Still, it’s important to note that it does not provide coverage for any structures on the land. Similarly, it does not extend coverage to the land itself, so a vacant land insurance policy would not offer any protection from loss if the land were to become unusable.

Protect Your Assets With Personal Lines

If your clients are wondering why they need coverage for vacant land, these policies prove that insurance is essential. For many property owners, a combined coverage policy is the best way to protect their investment. With a personal lines policy, your clients can protect their land itself, and with a vacant land policy, they can protect themselves from liabilities. It will ensure that their investment is safe so that they can capitalize on its value or build a dream home.

At Cochrane, our Consumer Portal can help you find the right program for your client. Likewise, it can enable you to provide the best care and services to meet your client’s needs and expectations.

About Cochrane and Company

For more than six decades, Cochrane & Company has been proudly at the forefront of the insurance industry. Our experience has enabled us to innovate in powerful ways, reimagining the E&S market, and providing technology solutions that make it easy to do business with us. Licensed in all 50 states, we proudly serve clients across the nation, providing personalized and powerful solutions to help you become an even better partner for your clients. Speak to one of our experienced professionals today by calling (509) 462-1148.


Complete this simple form and tell us how best to contact you.

"*" indicates required fields