While some people may dismiss the need for liability insurance on vacant land, you should seriously consider having coverage. For one thing, liability premiums on vacant land are quite inexpensive. Second, you probably have no control over "trespassers" or anyone else entering, crossing or otherwise accessing your empty land. Should a personal injury result, liability insurance covers you for potential claims.
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Many homeowners insurance policies will cover any vacant land in the United States that you own in your name, assuming you are the insured party. If you have an HO-3 homeowner's policy, you should be automatically covered for vacant land that you own in your name. Should you not have this level of coverage, ask your agent for a quote or request a premium for liability coverage for the vacant land you own.
Consider the Land Location
People often forget to consider the location of their land when deciding about liability insurance coverage. If your land exists in an urban or suburban location, the need for liability coverage is more pressing than if it is in a remote rural area. The probability of people entering or crossing your land in more heavily populated areas is much greater. You should definitely have liability insurance in urban and neighborhood settings to protect your other personal assets.
No Firm Rule
There is no "need" or "must" rule requiring you to maintain liability insurance on vacant land. However, the rule of common sense should prevail. Even a trespasser could suffer injury while on your land. Such a person could well choose to sue, accusing you of negligence in maintaining your property. Even if the lawsuit is unfounded. it can still be expensive to fight. Liability insurance will eliminate this concern, as your insurance company will defend the claim, regardless of its merits.
Land in Another Name
Should you own vacant land held under any name other than yours—such as a business name—you'll be unable to receive extended liability coverage from your homeowner's policy. Check with your agent to get a liability insurance quote.