What is a significant risk associated with vacant properties?

A significant risk associated with vacant properties is indeed the higher likelihood of vandalism. When a property is unoccupied, it becomes an easy target for vandalism, as there is often no one around to observe or report suspicious activities. This lack of surveillance can lead to damage from graffiti, broken windows, or other destructive actions that can result in costly repairs. Additionally, empty buildings can sometimes attract crime, further increasing the risk of damage.

In contrast, properties that are occupied typically have active management and oversight, deterring potential vandalism and other criminal activities. This understanding is crucial for property owners or insurance professionals, as it underscores the need for stronger security measures for vacant properties and awareness of the higher risks they face.