vacant-buildings

Vacant Buildings

Coverage for buildings that are vacant, undergoing renovation or under construction.

Eligible Classes

  • Vacant Dwellings
  • Vacant Dwellings with Renovations
  • Vacant Commercial Buildings
  • Vacant Commercial Buildings with Renovations
  • Builders Risk - Both Dwellings and Commercial

Policy Term

  • 12 Months Standard
  • 3 and 6 Months Available in Most States
  • Quarterly Installments Available on 6 Month & 12 Month Policies

Minimum Retained Premiums

(applies to new business term only)

  • Annual Policy - 25% or $100, whichever is greater (except MI & TX)
  • Six Month Policy - 50% or $100, whichever is greater (except MI & TX)
  • Three Month Policy - 100% or $100, whichever is greater (except MI & TX)

Coverage

  • ISO Coverage Forms:
    • Building & Personal Property - CP0010
    • Builders Risk - CP0020
    • Condo Unit Owner - CP0018
  • Basic Causes of Loss Form - ISO CP1010

    OR Special Causes of Loss Form - ISO CP1030

    Note: Special Causes of Loss Form is written including or excluding Theft
  • Up to $5 million property limit of insurance
  • General premises liability up to $1million limit for most classes
  • Premises Liability - ISO CG0001

Features / Benefits

  • Competitive commission
  • Very competitive rates
  • Direct billing to insured
  • Credit/Debit card and PayPal payments accepted for all transactions
  • Electronic submission
  • Digital photos expedite policy issuance (front & rear photos of each building are required)