What does Vacant Building mean? Read on to discover the definition & meaning of the term Vacant Building - to help you better understand the language used in insurance policies.
A vacant building is a building that has been abandoned, unoccupied, or empty for a certain amount of time. In the context of insurance, vacancy can be highly relevant for property insurance coverage. The reason is because many property insurance policies feature exclusions for coverage if a building is left vacant for a certain time period.
We hope the you have a better understanding of the meaning of Vacant Building.