Who insures vacant land?

Who insures vacant land in Australia includes general insurers like Allianz, QBE, NRMA, Elders and specialist rural insurers offering vacant land liability insurance. Vacant land insurance, also called vacant block or vacant lot insurance, covers public liability if someone injured on your vacant land, with cover $10M to $20M, costing $200 to $500 per year for residential vacant block up to 2 acres, and $300 to $800 for larger rural land. For example, Allianz vacant land liability $300 per year for $20M cover, Elders Farm Insurance $400 for 5 acres, QBE $350. Providers include Allianz, QBE, NRMA, Elders Insurance for rural, Terri Scheer for land with building planned, and specialist like Fast Cover and Public Liability Australia for vacant land liability. If you have vacant land with no building, you need public liability insurance, not building insurance, as no structure to insure, but liability covers if trespasser injured, dog bite, falling tree or fire spreading to neighbour, which can cost $100K to $500K in claims. For land with shed, you can add fire and theft for shed $10K to $20K for extra $100. So vacant land is insured by Allianz, QBE, NRMA, Elders and specialist liability providers for $200 to $500 per year for $20M public liability, essential if you own vacant block to avoid liability.