I discovered during my renovation that State Farm will be ending coverage on vacant properties. I was supposed to be covered for the construction period (vacant) and then they would convert it to an occupied policy once I rented it out. They abruptly set an end date to my vacant policy of today, November 19 unless I got it rented out. The property is currently up for rent and for sale. 

Can an insurance agent contact me ASAP that can cover the remaining vacant time period while I find a tenant and then convert that coverage to an occupied policy once I get a signed lease?

Thank you for any quick help!

Carrie Alluri 

Carrie,
Look on the websites of American Modern Home and Foremost for a list of their agents in your area. Both of those companies should be able to do a vacant dwelling policy.

Be careful of what you are being offered. I recently wrote a similar situation to yours and one market would only offer Named Perils coverage (lesser coverage) while a second company would do Special Form (aka All Risk).

Similarly, some carriers insuring vacants will only insure the Actual Cash Value (rebuilding cost less depreciation). Others will cover the building for Replacement Cost which is better but will result in a higher limit.

The lowest cost may not be the best value if what it is covering is less or what they will payout in a loss is less.

Thank you for your insight John. I will keep that all in mind.

~Carrie