Need help interpreting condo landlord policy undergoing repairs

[Tim Silvers]

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance:

We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“. This 30 day period begins on or after the original inception date of the policy. A dwelling while being constructed, altered, or repaired is not considered vacant. For purposes of this paragraph only, if the date that the loss occurred is not known, then the date of discovery will be the date of loss.

So, if a loss occurs while the property is being repaired or renovated, coverage would apply, correct?

Am I wrong?