What is the main characteristic of a vacant property?

The main characteristic of a vacant property is that it contains neither occupants nor personal property. A property is considered vacant when it is uninhabited and devoid of any belongings that might indicate it is being lived in or used. This definition is crucial in the context of insurance, as vacant properties present different risks compared to those that are merely unoccupied but still contain furniture, personal items, or are in the process of being sold or rented.

Properties that may contain occupants but no personal belongings or those owned by renters about to move out can still be classified differently, as they do not fully meet the criteria of being vacant. Understanding this distinction is essential for evaluating property conditions and associated insurance coverage needs.