Building, Selling or Developing Your Land? Here's What Changes
Vacant land liability covers land you're holding. When you build, sell, develop or start using the land differently, your cover needs to change, and Pocket's brokers can arrange what comes next.
| If you're… | What happens to this policy | What you'll need | When to call us |
|---|---|---|---|
| Building a home | Doesn't cover construction work | Contract works cover (often arranged by your builder, so check), then home and contents | Two weeks before the builder starts |
| Building to rent out | Doesn't cover construction work | Contract works, then landlord insurance | Two weeks before works start |
| Developing or subdividing | Doesn't cover excavation, demolition or construction | Contract works and construction liability | Before any site works |
| Selling | Cancel from settlement | Nothing further | When you have a settlement date |
| Buying another block | Add it to this policy | Nothing new | When you exchange |
| Letting people use the land | May need a change of cover | Updated cover, and the operator's own insurance | Before use starts |
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