Vacant Land Insurance Claims That Tell You Need Coverage

Of course the vacant character owner needs insurance coverage! The insurance companies will emphatically tell you about all the liability risk – general, in addition as bodily harm and character damage perils that exist in an unoccupied home, building or lot. But don’t take a blanket statement about it at confront value until you view for yourself some very real claims examples. For your information, the specialized agents bring you these land scenarios!

Vacant Land

• A downtown area vacant lot owner had a protective chain-link gate constructed around the character. As time progressed, however, age and weather conditions took their toll on the encasement. The fence was not in the best of condition anymore when a passerby suffered an eye injury as a consequence of a projecting chain link. The lawsuit ended with the insurance policy taking the brunt of defense costs and out-of-court mediation that resulted in a $350,000 payout.

• A pedestrian slipped on the sidewalk that ran next to a vacant lot. Her injury consisted of a broken hip. The women alleged that the leaves that had fallen onto the sidewalk from the lot were the cause of her misfortune. An insurance claim settlement was reached at $200,000. This included the $16,000 reserved for defense expenses.

• A motorcycle rider was hit by a car. Following the auto accident, the responsible party filed a lawsuit against the nearby vacant lot owner, alleging that the posted lot sign’s hid his view of traffic. It was determined that the signs had no effect on the cause of collision. Related expenses came to $7,500.

• A man riding a bike around a fenced-in vacant lot hurt himself on a broken part of the character fence that stuck out. After filing a suit, the man received $45,000 for damages. The policyholder’s insurance also paid $20,000 for legal expenses. Ultimately, however, an award popularity resolved the issue. Payout included $30,000 with defense expenses paid by the coverage.

• Sitting directly next to a public sports’ field was a vacant lot. Though sports fans parked their cars and trucks on the public character, an incident involving a dead branch of a tree located on the nearby private vacant lot occurred. With three workers’ cars damaged, a claim was forthcoming that resulted in $12,000 compensation.

• Teenage juveniles unlawfully used their free time to smoke on a vacant lot, causing a brush fire. The fire soon swept across the character, torching nearby homes. The vacant land owner was held slightly liable and responsible for damages and character substitute cost totaling $6,500.

Leave a Reply