Ramey King Insurance
Land Insurance in Texas
Questions? Call us at (940) 382-9691
What is land insurance?
Raw land may not need the same insurance protections that buildings and structures call for. This isn’t to say that raw land should go uninsured, though. Land insurance may provide owners of undeveloped properties in Texas with important liability protections.
Land insurance generally provides liability protection against accidents that could occur on raw land. Attorney fees, court fees, and any settlement may be covered if an accident occurs.
When should vacant land insurance be purchased for a Texas property?
Vacant land insurance is generally recommended for any undeveloped Texas properties. Coverage may provide affordable protection against accidents that could otherwise result in expensive lawsuits.
Typical Coverages
What kinds of undeveloped properties can vacant land insurance be purchased for?
Policies are usually readily available for rural and urban properties that don’t have improvements. Almost any property without a building on it can probably be insured with a vacant land policy. For example, policies might be used to insure:
- Pastures, ranges, and grasslands
- Private hunting or fishing properties
- Future home sites
- Investment properties
For a vacant land policy to cover these properties, the property usually can’t have any structures on it. Hunting or fishing grounds that have a lodge, or a home site where construction has started, will likely require a different insurance policy.
Can vacant land insurance cover properties with increased risks?
Getting vacant land insurance can be especially important if a property has features that increase the risk of accidents. Bluffs, cliffs, water, and similar hazards could result in serious injuries or death if something happened.
Many land policies can cover such features, but it’s important to confirm that a particular policy does. An insurance agent who specializes in undeveloped land can check a policy’s terms to see whether all of a property’s features would be covered.
What sorts of accidents can vacant land policies protect against?
Vacant land policies may offer protection against a wide range of accidents that could occur on a property. Depending on a policy’s terms, it might cover:
- General falls, such as from slipping or tripping, that cause serious injury
- Falls from bluffs, cliffs, or trees that cause serious injury or death
- Drownings if the property is waterfront on a lake, a river, or the ocean
- Children’s injuries that are sustained when they’re playing on the property
- Other accidents that are attributed to the property owner’s negligence
Do vacant land policies cover attractive nuisances?
Attractive nuisances are generally things that kids might be tempted to play on, but that are also a potential danger. Machinery, cliffs, querries, waterfront, and dilapidated buildings are some examples of what might be considered an attractive nuisance.
Many vacant land policies can include coverage for attractive, provided that a policy is set up correctly. Owners may have to disclose any attractive nuisances for them to be covered, and a policy may need to be adjusted in some cases.
An insurance agent who knows vacant land policies well can help find a policy that includes coverage for attractive nuisances.
Are vacant land policies able to cover basic buildings?
Vacant land policies normally aren’t intended to cover even basic buildings against damage. Insuring a shack, cabin, or other building often requires additional protections, even if the building is simple and small.
Sometimes additional protections for basic buildings can be obtained through an endorsement. This would be something that’s added onto a vacant land policy. Other times, a different type of insurance is needed.
Where can property owners get land insurance for undeveloped properties in Texas?
If you own an undeveloped property in Texas and need to insure it, contact the independent insurance agents of Ramey King Insurance. Our knowledgeable agents will work closely with you, making sure you find vacant land insurance that has the protections your property requires.
Questions?
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