A basic fire policy does not cover damage which occurs while a property is vacant or unoccupied for more than how many days?

A basic fire policy does not cover damage which occurs while a property is vacant or unoccupied for more than how many days?

• A. For more than 60 days.
• B. A responsible period of time.
• C. For more than 90 days.
• D. For more than 30 days.

Answer: (D)

Vacancy or unoccupancy creates a higher risk for losses because there’s no one regularly checking the property, making theft, vandalism, or hidden damage more likely. In a basic fire policy, this risk is addressed with a vacancy provision that limits or excludes coverage after the property has been vacant or unoccupied for a short period. The standard threshold for the basic fire policy is 30 days. If the building has been vacant for more than 30 days, damage that occurs after that point is generally not covered under the basic form unless an endorsement or a different policy form is in place.

Vacancy or unoccupancy creates a higher risk for losses because there’s no one regularly checking the property, making theft, vandalism, or hidden damage more likely. In a basic fire policy, this risk is addressed with a vacancy provision that limits or excludes coverage after the property has been vacant or unoccupied for a short period. The standard threshold for the basic fire policy is 30 days. If the building has been vacant for more than 30 days, damage that occurs after that point is generally not covered under the basic form unless an endorsement or a different policy form is in place.