What Does Vacancy Permit Mean?
A vacancy permit is an amendment that can be added to a home insurance policy when the insured property is vacated.
Vacating a property for an extended period of time will typically void home insurance coverage. With a vacancy permit, however, the property will remain insured even while it remains unoccupied.
Insuranceopedia Explains Vacancy Permit
Most insurance companies consider a house vacant if it has been left unoccupied for at least 30 consecutive days. Once the house is deemed vacant, most home insurance policies will not pay for any damage to the property.
Homeowners who plan to vacate the home but wish to keep it insured must secure a vacancy permit from their insurance company. Vacancy permits typically last 90 days.
A vacancy permit modifies the nature of the coverage. It will usually only include coverage for the most basic perils, like fire damage.