Las Vegas, NV · Member since 2009 · 196 posts · 32 votes
The way I interpret the following policy clause is that so long as the property is defined
as other than "VACANT" which is the case when the property is being
"constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance:
We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“. This 30 day period begins on or after the original inception date of the policy. A dwelling while being constructed, altered, or repaired is not considered vacant. For purposes of this paragraph only, if the date that the loss occurred is not known, then the date of discovery will be the date of loss.
So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?
Insurance Agent · Member since 2020 · 177 posts · 76 votes
1y
Your agent should be able to give you a clear answer on this. If not you might want to seek a different agent. Typically homes in-between tenants, or a new purchase with intent to have renters within 30 days this is allowed.