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      03-17-2021, 12:09 PM   #6
David70
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Drives: 06 Z4M Coupe - 13 Cadillac ATS
Join Date: Apr 2012
Location: Cincinnati, OH

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I am surprised you expect it to take a year from the purchase (hasn't happened yet) and breaking ground. You're possibly 2 years away from living in it?

As for insurance on a vacant lot is should be minimal and call your insurance agent. Virtually everything your standard homeowners covers is the home and your possessions. Not seeing much liability risk or a cost associated with vacant land/ This will be the small problem.

For a house I am completely renovating (next door to my house) I do have to have special insurance for a home that isn't livable/occupied (about 2.5 times the cost of my house), assuming this would apply to your house after construction starts and until you can occupy it. Statefarm told me I needed to get it but they also didn't offer it.
Many skip on this insurance but if the place burns down the insurance company has a way to not pay.
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2006 Z4M Coupe - Stromung exhaust, ZHP knob, stubby antenna, clutch delay delete
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