Vacant
Term · Insurance and risk management · MLC-T-INS-003453
Describing a property that lacks both occupants and personal property, indicating a complete absence of human habitation or use. Insurance policies often define specific periods, such as 30 or 60 consecutive days, after which a property is considered vacant. Vacancy can lead to limitations or exclusions in property insurance coverage due to increased risk.
| Identifier | MLC-T-INS-003453 |
|---|---|
| Field | Insurance and risk management |
| Subject | Personal Lines |
Record as JSON
{
"id": "MLC-T-INS-003453",
"term": "Vacant",
"field": "Insurance and risk management",
"definition": "Describing a property that lacks both occupants and personal property, indicating a complete absence of human habitation or use. Insurance policies often define specific periods, such as 30 or 60 consecutive days, after which a property is considered vacant. Vacancy can lead to limitations or exclusions in property insurance coverage due to increased risk.",
"subject": "Personal Lines",
"url": "https://mlchart.com/terminology/insurance/vacant/"
}
Record 3,555 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.