Vacancy permit endorsement

{
  "id": "MLC-T-INS-003451",
  "term": "Vacancy permit endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to a property insurance policy that extends coverage to a building that would otherwise be considered vacant and therefore excluded from protection. Standard policies suspend or limit coverage after a building has been vacant for a specified period, usually 30 to 60 days. The permit restores certain coverages, although it might still exclude perils like vandalism or freezing, and requires an additional premium.",
  "url": "https://mlchart.com/terminology/insurance/vacancy-permit-endorsement/"
}