Vacant policies are most commonly used for investment properties, or flips, and covers the structure only. Your premium is calculated based on reconstruction cost – how much it would cost to rebuild your home. We use information like your zip code, square footage, number of bedrooms and bathrooms, flooring, and updates or renovations to find the value.

All Paine Insurance Group policies are based on replacement costs, not actual cash value. Replacement cost doesn’t include depreciation, which means we will replace your loss with the newer version.

Your policy will state a 1% deductible per occurrence, or claim, for Wind & Hail/Tornado.