insurance

“Vacant” vs “Unoccupied” Property – What’s the Difference?

“Vacant” vs “Unoccupied” Property – What’s the Difference?

If you own a building that’s been left empty for a significant period of time, you might easily refer to it either as “vacant” or “unoccupied”. Same thing right? Well, at least legally, the two names can mean quite different things – particularly when it comes to insurance.