Vacant Property
Our Vacant Building product is designed for your residential and commercial vacant building risks. Our product can be quickly and easily quoted for 3, 6, 9 or 12-month policy terms on a monoline or package basis.
- Vacant buildings
- Partially vacant buildings
- Vacant condo units
- Vacant leased space
- Risks with renovations
- Coverage Highlights
- Limits of Insurance
- Additional Advantages
- No restriction on the length of vacancy
- No minimum earned premium or a 25 percent minimum earned premium earned even for short-term policies
- Special Form and replacement cost available for some risks
- Business personal property coverage available
- Short-term policy extensions by endorsement
- Vandalism is included with property coverage for most risks
- No liability deductible
- Risks with renovation work up to $250,000 in cost(non-structural renovations only)
- Independent contractors coverage available
- Property limits:
- Risks up to $3,000,000 in total insurance value (depending on risk characteristics)
- Coastal zones: $1,000,000 per location (excluding wind and hail)
- Vacant condominium units: $3,000,000 per location
- General liability limits up to: $1,000,000 each occurrence/$2,000,000 aggregate (additional excess liability limits can be provided up to $5,000,000)
- A.M. Best rated A++ carrier
- Quick quote turnaround
- Low minimum premiums
- Policyholders have access to many services through our Business Resource Center that will assist in growing and protecting their businesses
...
From Insurance Business America