Here's the scenario: Let's say that you bought a piece of land near Lake Chelan with the idea that you'll build a vacation home there someday. Except for a flag pole, there is nothing on the property but grass and trees.
Here's the insurance-policy background: If you look at your home insurance policy you'll see that you probably have automatic liability coverage for "vacant land". If you don't want to look it up yourself, you can just trust me when I say that it's there.
Here's the question: Given the scenario and the insurance background listed above, do you believe that your home insurance policy will automatically cover your vacant land for liability?
Here's the answer: No coverage! Believe it or not there are policies and supporting case law that takes away automatic coverage for any piece of land that has any man-made object on it. And given the examples in multiple court cases, any really does mean any no matter how insignificant.
Here's the solution: So if vacant doesn't always mean "vacant" with respect to you having liability insurance, be safe and just add all properties to your policy so you never have to worry about that. We can usually do this for you for about $2 a month!
So enjoy the new property and the dream house planning without the worry.
