If you are a real estate investor, you may have vacant properties and thus, have considered Empty Commercial Property Insurance.  Is this something that you truly need, or is it just another fee that you can do without?

What Is Empty Commercial Property Insurance?

If you are a real estate investor, then you are no stranger to needing to pay out for a number of different insurance types.  Quite simply, if your property becomes vacant for an extended amount of time, typically for 60 days or more, than traditional standard building policies will never cover the property.

What this this means is that, should something happen with your vacant property, then you would be left exposed.  This could not only cause you to pay out of pocket, but you can find yourself with additional liabilities that are not only uncovered, but could cause you substantially in damages.

Why You NEED Empty Commercial Property Insurance

If you have a vacant property, then there are several risks you should be aware of.  Not only could this property become an attractive nuisance for burglaries, but it also becomes ideal for vagrants, drug dealers, or potential assault locations.

If any of these take place and you are not covered, you could be left liable.  You need to protect your assets and ensure that you have the right insurance for your needs!