Purchase Land Insurance for Undeveloped Property
You may be leaving your parcel of land undeveloped for a number of reasons. Maybe one day you plan on building a summer cabin or retirement retreat, or maybe you use the land to hunt and fish. No matter what your vacant land is used for, you might want to consider insuring it against certain risks.
If you need land insurance and aren’t sure where to start, contact a local member agent in the Trusted Choice® network. Your agent can help you compare quotes from multiple insurance companies and gather the information you need to make an informed decision about land insurance.
The Basics of Vacant Land Insurance
- If you own your property outright, you are not required by law to buy land insurance; however, in the event of a lawsuit this coverage will be essential
- If your property is financed, your lender may require land insurance
- Vacant land cannot have any existing structures
- Hunting land insurance is important if your land is used for sport
What Is Land Insurance?
Land insurance is a form of property coverage that will cover a claim of bodily injury or property damage if someone has an accident on your property and you are found to be at fault. If someone files a lawsuit against you, it will also help to cover your legal fees. While it cannot cover any damage that happens to your land, it will protect you financially if others are ever on your property. To decide whether this type of insurance is important for you, consider your risks and talk with a knowledgeable agent.
The easiest way to add land insurance is through your homeowner’s policy. If you own a home, you can typically extend your liability coverage to include your vacant land. If you have an umbrella liability policy, be sure to add your vacant land to that policy as well, and update your liability if needed.
If you don’t have a homeowner’s policy, you can purchase a separate vacant land insurance policy through an independent insurer. There is typically no deductible on these policies and the premiums are affordable. Plus, you’ll have the peace of mind that no matter what happens on your land, your assets are covered.
Hunting Land Insurance
If you plan on using your property for hunting and allow others use it as well, it’s very important to purchase property insurance. Because of the risks involved in hunting and use of firearms, you have a greater risk for liability concerns. As a responsible landowner, you should inform all hunters of any perils they should know about that may exist on your property, such as cliffs, abandoned wells, or barbed wire fences. Sharing this knowledge is one important way to help cover your liability risks, but it is still important to have liability insurance coverage in place as well.
Some insurance companies require landowners to make hunters sign a waiver absolving the landowner of any wrongdoing. While this won’t protect you from all potential lawsuits, it can provide a safety net that otherwise wouldn’t exist.
Some hunters may ask to use all-terrain vehicles on your property, and it is important to realize that you will assume additional liability risks if you allow it. If an accident happens on your property, you can potentially be held responsible – especially if there are features in the natural landscape that pose a risk.
What Vacant Land Insurance Does Not Cover
If you have any kind of structure on your land, even if it is temporary, your land is no longer “vacant” and will not be covered by vacant land insurance. If you decide to start constructing a building on your formerly vacant land, the land insurance will be void for that structure. You will need to purchase additional property insurance to cover any outbuildings or dwellings.
Even you have an old dilapidated structure on your property that has been empty for many years, your land is not considered vacant property. And if someone is injured inside an abandoned building on your property, your land insurance liability will not cover it. Ask your insurance agent how to protect yourself against claims that are related to abandoned buildings.
How to Purchase a Land Insurance Policy
If your insurance company doesn’t offer additional liability coverage, you may need to seek out a company that carries specialized coverage. Trusted Choice independent agents can typically find specialty insurance because of their association with many insurance companies. While one carrier may be able to cover your risks at an affordable rate, another may not be able to offer land insurance at all, so working with an agent that can review various insurer’s products can save you time.
If you need liability coverage for your land, an independent agent is a great resource. Find a local member agent in your area today to compare quotes and get the land insurance coverage that you need.
Insurance Land Incorporated
Welcome to Insuranceland
Insuranceland is dedicated to providing sound insurance advice to our customers and potential customers. We have been insuring Ontario residents since 1982. With over 30 years in business, we strive to exceed our customers’ expectations! With “Our Family, Protecting Your Family”, the key to our business, we work for our customers finding them the best possible insurance protection at the best price! You are never a number in our eyes!
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Insurance for Professionals
The Herbert H. Landy Insurance Agency, Inc. has been a national leader in providing Professional Liability Insurance and Errors and Omissions (E & O Insurance) since 1949. We offer coverage through some of the finest, most financially-sound insurance companies to assist our clients in obtaining the best combination of coverage and cost to fit their own unique professional insurance requirements. Whether you are a professional seeking Errors & Omissions or Professional Liability Insurance for your business or an independent insurance agent securing coverage for a client, our goal is to make your insurance buying experience a positive one.
Why the Landy Agency?
Our success is simple. Our clients always come first. With our decades of experience, our clients and independent producers receive world-class service. And with innovations like our online applications, easy payment procedures and Policy Manager System, we will make it as painless as possible to receive exceptional coverage.
If you are a business owner looking to obtain coverage, please click on the appropriate title to obtain an application and information for your profession.
If you are an insurance producer looking to register with us or obtain coverage for your client, please go to the Partner Resource Center for information.
PRESS RELEASE – For Immediate Distribution
The Landy Insurance Agency Announces Coverage Enhancements, New Pricing for Accountants Professional Liability Program
New Policy Updates
The Landy Insurance Agency is introducing major policy enhancements, including cybercrime endorsement options, along with lowered premiums, in its’ Accounting Professional Liability insurance program. Policy enhancements and new pricing will become effective with new business and renewals with an effective date of 7/1/18 or later, pending state approvals. Contact us for updates on coverage and availability.
The Landy Insurance is proud to become a Sponsor of the Asian Realtor Association of America – Boston http://www.areaa.org/boston
Landy Insurance Renews As NEAR Premier Sponsor
The Landy Insurance Agency is proud to renew its’ commitment as Premier Sponsor of the Northeast Association of Realtors® (NEAR).
Read the release.
John Torvi Reappointed
John was reappointed by the MA Board of Real Estate Appraisers as a Board of Trustee member on January 19, 2018
New Membership 2018
Landy Insurance is now a member of the Newton-Needham Chamber of Commerce.
Natural Disaster 2017
Considerations For A Property Appraiser. An important message from your insurance carrier
Read the message.
2017 Valuation Review – Voice of the Aprraiser Special Report
Valuation Review’s seventh annual Voice of the Appraiser special report spans the country in providing an exclusive look into what is happening in the appraisal industry. Hear from appraisers as they discuss the status of today’s industry and what that means for business practices not only now, but in the future. The Landy Insurance Agency, sponsors the Voice of the Appraiser making this available as a free download.
Download the report.
A Coverage Statement from the Landy Insurance Agency. “It is the position of our carrier that hybrid appraisals are a covered professional service in both its’ Individual Real Estate Appraiser E&O policy and Real Estate E&O policy for appraisal firms.”
Read the full statement.
Landy Insurance, in conjunction with the Law Firm of Wilson Elser, will be presenting a free webinar and CPE class to its’ accounting professional clients on Cyber Security issues, on September 13th. Landy clients should watch their eMail for an invitation going out next Tuesday or contact us for more information.
Welcome Alix Fequiere
The Landy Insurance Agency, welcomes our newest employee, Alix Fequiere, as Sales Director. Alix joins us after a successful position with Great American Insurance Company and he can be reached at 781-292-5401 or at firstname.lastname@example.org.
Betsy Magnuson and John Torvis will attending the PLUS International Conference in Atlanta on November 1 & 2.
Privacy Rights and Drones
Lamar H. Ellis, CEO of DroneNOIR, LLC, has authored a paper describing the current landscape for the use of drones and developing privacy concerns. This topic is of special interest to real estate agents, appraisers, and inspectors. You can read his article here. Privacy Rights and Drones
FORBES, Money, and Bloomberg News
Betsy Magnuson and the Landy Insurance Agency will be featured in the August issues of Forbes magazine, Money magazine, and Bloomberg News.
VOA Podcast Now Available
John Torvi was recently featured in two podcasts, including Phil Crawford’s Voice of Appraisal at http://www.voiceofappraisal.com/podcasts and a June 4th, 2017 podcast: Real Estate Revealed from http://www.realestaterevealed.net/archive
A Special Thanks
Thank you to the Ohio Coalition of Appraisal Professionals for their warm welcome to Landy Insurance at the recent annual conference in Columbus, OH on June 21, 2017. We are proud to continue our support of OCAP and appraisal associations nationally.
Laura Hartsgrove Baker
The Landy Insurance Agency is pleased to announce the hiring of Laura Hartsgrove Baker as our new Sales Director. Laura comes to Landy with much experience in the insurance business and involvement in the women’s business community. Laura is available to assist you at email@example.com, 781-292-5432.
CAR 2017 WomanUP! Conference
The Landy Insurance Agency is a proud sponsor of the National Association of Women in Real Estate Businesses. http://www.nawrb.com/2017/06/07/desiree-patno-speak-car-2017-womanup-conference-june-8-2017 Desirйe Patno, CEO and Founder, will be a keynote speaker at the CAR WomanUP! Conference on June 8, 2017. Please check out the important efforts of the NAWRB http://www.nawrb.com/conference-2017
Real Estate Appraisers – Beware of Bait and Switch on Your E&O Renewal
Appraisers renewing their Errors & Omissions insurance should be cautious about your insurance agent placing your policy with a new insurer without your permission. Should there be any concern about your agent’s actions regarding coverage, renewal issues or any other aspect of the E&O program, a policyholder can contact the carrier or the program administrator for the carrier for assistance. If you have questions or comments, please contact John Torvi at 781-292-5417 or at firstname.lastname@example.org read the full news alert
Cyber, Risk Management & Claims in the Accountants’ Liability Market
[article] by John Torvi on www.mynewmarkets.com – The environment for accountants’ professional liability (APL) insurance programs continues the trend of the past few years of both expansions in coverage and risk management with many programs. The market is also experiencing some upheaval in relationships between… read the full article
September 27 – Conference – Landy Insurance will be exhibiting at the 2018 MA Association of Realtors ® Conference & Tradeshow in Worcester, MA | #WeKnow_EandO
September 26 – Presentation – John Torvi, VP of Marketing and Busness Development at Landy Insurance, along with Boston Attorney, Sankeetha Selvarajah of Selvarajah Law, P.C. will be presenting Business Practices to Help You Succeed – From Ribbon Cutting to Retirement at the Northeast Association of Realtors ® at 6 Lyberty Way, Suite 204 in Westford MA | Open to non-members for a fee | Download the PDF flyer | Register in advance | #WeKnow_EandO
September 12 – Webinar – John Torvi, VP of Marketing and Busness Development at Landy Insurance will be presenting a Risk Management Webinar for Tax preparers online at Accountingcred.org | #ProfessionalLiability
September 10 – Seminar – John Torvi, VP of Marketing and Busness Development at Landy Insurance will be presenting a seminar on Cybercrime Management Issues for Real Estate Firms at the 2018 Texas Association of Realtors ® conference in San Antonio, TX | Room 221 B from 1-3 PM | www.texasrealtorsconference.com/2018/schedule.cfm | #WeKnow_EandO
September 9 – Conference – Landy Insurance will be exhibiting at the Texas Association of Realtors ® (TAR) Conference in San Antonio, TX | http://www.texasrealtorsconference.com | #WeKnow_EandO
August 22 & 23 – Conference – Landy Insurance, will be exhibiting at Accountex 2018 Conference in Boston | https://www.accountexusa.com/why-attend | #ProfessionalLiability
August 20 – Seminar – Alix Fequiere of Landy Insurance, will be sponsoring and attending the 2018 Illinois Coalition of Appraisal Professionals (ICAP) seminar in Lisle, IL | https://icapweb.org/seminars/lisle.php | #WeKnow_EandO
July 30 – August 1 – Annual Conference – Alix Fequiere of Landy Insurance, will be exhibiting at the Appraisal Institute Annual Conference in Nashville | https://www.appraisalinstitute.org/annual-conference | #WeKnow_EandO
July 29-31 – National Conference – Gail Bellefontaine of Landy Insurance, will be attending the 2018 National Association of Women in Real Estate Businesses (NAWRB) in Chicago. | http://www.nawrb.com/events/2018-nawrb-conference-year-of-women | #WeKnow_EandO
July 23 – GCAAR CPE Class – Alix Fequiere of Landy Insurance, along with Atty. Charles Meyer of O’Hagan & Meyer will be conducting a class at Realtor ® Fest for the Greater Capital Area Association of Realtors ® (GCAAR) https://gcaar.com/about-gcaar | Realty Fest – Rockville, MD | www.realtorfest.com | #WeKnow_EandO
July 23 – CPE Webinar – John Torvi, VP of Marketing and Sales at Landy Insurance will be conducting a webinar along with Terry Durkin, EA of Durkin & Associates, on “New Tax Laws – What We’ve learned and New Risks” for https://www.accountingcred.org | #ProfessionalLiability
July 17-19 – IRS Tax Forum – Landy Insurance will be represented by Sales Director Laura Baker at the IRS Tax Forum in Washington, DC | and on August 21-23 in Chicago | #ProfessionalLiability
June 19 – Conference – Landy Insurance will be exhibiting at the 2018 OH Coalition of Appraisal professionals in Columbus, OH | #ProfessionalLiability
June 18 – Seminar – John Torvi and Atty. Peter Larkin will be presenting a 2 hour seminar at the Scaling New Heights Conference on Managing Malpractice and Cybercrime Risks for Accounting Professionals | Atlanta, GA | #ProfessionalLiability
June 17-20 – Conference – Landy Insurance will be exhibiting at the 2018 Scaling New Heights conference in Atlanta, GA | #ProfessionalLiability
June 14 – MaSEA Annual Meeting – Landy Insurance be attending the MA Society of Enrolled Agents Annual meeting on June 14, 2018 in Waltham http://www.maseaonline.org | #ProfessionalLiability
June 1 – Annual Meeting – Landy Insurance is sponsoring The Massachusetts Defense Lawyers Association annual meeting in Boston | #ProfessionalLiability
May 16-17 – NAR Conference – Landy Insurance will be exhibiting at the National Association of Realtors ® Mid-Year Conference in Washington, DC | #WeKnow_EandO
May 9 – Seminar – John Torvi will present a seminar on #Cybercrime for the Northeast Association of Realtors ® in Westford, MA | #WeKnow_EandO
May 3 – NEAR – Northeast Association of Realtors ® Annual Awards Gala in Westford, MA | #WeKnow_EandO
May 1 – REBAR Apring Conference – Landy Insurance will be exhibiting at the Real Estate Bar Association in Norwood, MA | #WeKnow_EandO
April 27 – SDAR Realtors ® Expo – Landy Insurance will be exhibiting at the San Diego Association of Realtors ® Expo & Conference in San Diego, CA | http://go.sdar.com/sdarexpo-lp | #WeKnow_EandO
April 26 – Cybercrime Presentation – John Torvi will be presenting a seminar at the San Diego Association of Realtors ® office in San Diego, CA | #WeKnow_EandO
April 11-12 – NJ-NAIFA Annual Conference – Landy Insurance will be exhibiting at the NJ-NAIFA Annual Conference in Atlantic City, NJ. On April 12, 2018, John Torvi will be presenting on E&O and Cybercrime Risks | Landy Insurance is a sponsor of the New Jersey’s National Association of Independent Fee Appraisers | 52nd Annual NJ-NAIFA Conference | #WeKnow_EandO
April 6 – Realty World Annual Conference – Landy Insurance will be exhibiting at the Realty World of Northern CA and NV annual conference in San Ramon, CA | #WeKnow_EandO
April 5 – Fundraiser – Landy Insurance is sponsoring a fundraiser for the Women’s Lunch Place in cooperation with the Real Estate Bar Association for Massachusetts Laura Hartsgrove Baker will be in attendence. | Women’s Lunch Place | #ProfessionalLiability
April 3 – Networking Event – Landy Insurance will be co-hosting a panel discussion and networking event on Entrepreneurship Issues for Women in Business at Century Bank in Medford MA. Event co-hosts include; Landy Insurance, Century Bank, the National Association of Women in Real Estate Business (NAWRB) and the Women’s Bar Association. Landy Insurance President, Betsy Magnuson, will be sitting on the panel. >>> Register. | #ProfessionalLiability | #WeKnow_EandO
March 18 – Presentation – John Torvi will participate as a guest on the Real Estate Revealed radio show | http://www.realestaterevealed.net | #ProfessionalLiability | #WeKnow_EandO
March 13-15 – NextHome – John Torvi will be attending and exhibiting at the NextHome Inc. Annual Conference in San Diego, CA | #WeKnow_EandO
March 13 – Presentation – John Torvi will be presenting to the San Diego Association of REALTORS ® on E&O risk issues for Real Estate Teams | #WeKnow_EandO
March 8 – NEAR Conference – Landy Insurance will be exhibiting at the Northeast Association of REALTORS ® (NEAR) Annual Conference in Chelmsford, MA | #WeKnow_EandO
February 28 – FREE Webinar – Pre-registration required – Landy Insurance, in conjunction with Attorney Peter Larkin, from the Law Firm of Wilson Elser, will be hosting a risk management webinar for accounting professionals, entitled “Surviving the Tax Cuts and Jobs Act During the Heavy Grind of another Tax Season: Risk Management in a Time of Stress and Uncertainty”. The event provides Continuing Education (CE) credits and you are encouraged to Register early as seats are limited. This is the first of four Free Webinars, scheduled for 2018.
February 18 – AM 560 radio Talk Show – John Torvi will participate as a guest on the Real Estate Revealed radio show on Sunday Feb. 18 and Sunday March 18 | http://www.realestaterevealed.net | #ProfessionalLiability | #WeKnow_EandO
February 9 – Appraiser Conference – Landy Insurance will be exhibiting at the South Carolina Appraiser Coalition Annual Conference in Charleston, SC on February 9, 2018 #ProfessionalLiability | #WeKnow_EandO
February 5-6 – CRS Sell-a-bration – John Torvi and A. Boone Almanza will be presenting “Reduce Your Risk of Being a Target for E&O Claims & Cybercrime – Insurance, Claims & Strategies” at Sell-a-bration ® on Monday, February 5, 2018. This conference is the Council of Residential Speacialists’ (CRS) flagship annual event, attracting leading agents from across the country for two days of unparalleled networking, education and actionable insights from top-producing agents and industry leaders. February 5–6, 2018, at the Gaylord Resort & Convention Center in Dallas. | https://crs.com/attend/sell-a-bration | #ProfessionalLiability | #WeKnow_EandO | #WhyMaxIsSoExcited
November 21 – Interactive Discussion – John Torvi and Jennifer L. Markowski will be presenting “Understanding Risk & Reducing the Possibility of an E&O Claim” at the Northeast Association of Realtors in Westford, MA. You can register on their website | http://www.northeastrealtors.com | #ProfessionalLiability | #WeKnow_EandO
November 20 – Continuing Professional Education Course Registration | MAA | Marlboro – Professional Development and Training. Richard Sweeney and Karen Martin at the Courtyard Marriott, 75 Felton St., Marlboro, MA | #ProfessionalLiability | #WeKnow_EandO
November 13 – Continuing Professional Education Course Registration | MAA | Plymouth – Professional Development and Training. Richard Sweeney and Karen Martin at the 1620 Hotel, 180 Water St., Plymouth, MA | #ProfessionalLiability | #WeKnow_EandO
November 6 – Continuing Professional Education Course Registration | MAA | Wakefield – Professional Development and Training. Richard Sweeney and Karen Martin at the Four Points by Sheraton, 1 Audubon Rd., Wakefield, MA | #ProfessionalLiability | #WeKnow_EandO
November 3-6 – National Association of REALTORS ® Conference & Expo – Landy Insurance will exhibiting at the expo (booth #1324) and will be featured on the NAR Conference Live web site. Conference Live is a virtual window into the REALTORS ® Conference & Expo experience. The venue is the McCormick Place – West Building in Chicago, Illinois. | #EOinsurance | #WeKnow_EandO
November 1-3 – NAA Appraisal Summit – Landy Insurance will be sponsoring and exhibiting at the Appraisal Summit at Bally’s Hotel & Casino in Las Vegas. | #EOinsurance | #WeKnow_EandO
November 1 – Tax Preparers Institute – Professional Development and Training. Richard Sweeney and Karen Martin at the University of New Hampshire Tax Institute Nov 1 Radisson Hotel in Manchester NH | #ProfessionalLiability | #WeKnow_EandO
October 19 – 2017 GBAR Road Show – Landy Insurance will be participating at the Greater Boston Association of Realtors ® annual conference in Norwood, MA | #EOinsurance | #WeKnow_EandO
October 16 – 2017 New England Appraisers Expo – Landy Insurance will be exhibiting at the MA Board of Real Estate Appraisers’ annual conference in Norwood. John Torvi will be participating in a panel discussion on appraisal risk management and related business issues. | #EOinsurance | #WeKnow_EandO
October 10-12 – California Realtor ® Expo – Landy Insurance will be exhibiting at the CA Assoc of Realtors ® conference in San Diego. Visit us at Booth #514 | #EOinsurance | #WeKnow_EandO