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LSDefine

Simple English definitions for legal terms

vacancy clause

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A quick definition of vacancy clause:

A vacancy clause is a special agreement in an insurance policy that allows a property to be unoccupied for a longer period of time than originally stated in the policy. This means that the insurance coverage will still be in effect during the extended period, but the amount of coverage may be reduced.

A more thorough explanation:

A vacancy clause is a special endorsement in an insurance policy that allows a property to remain unoccupied beyond the period specified in the original policy. This clause ensures that the insurance coverage remains in effect during policy extensions, often for a reduced amount.

For example, let's say you own a rental property that has been vacant for several months. If your insurance policy has a vacancy clause, your coverage will still be in effect even though the property is unoccupied. However, the coverage amount may be reduced during this time.

Another example is if you are renovating your home and have to move out temporarily. With a vacancy clause, your insurance policy will still cover your property even though it is unoccupied during the renovation period.

These examples illustrate how a vacancy clause can provide insurance coverage for unoccupied properties or properties undergoing renovations, even if they exceed the original policy's occupancy period.

vacancy | vacantia

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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