VACANT BUILDING INSURANCE
Filling Your Empty Location with Peace of Mind
From Vacant Buildings to Vacant Leased Space, We Offer Protection for Your Investment
Owning real estate is a great investment for many people in today's world, but it can also be a very costly asset if
not adequately insured and maintained. As the owner of a vacant building, it might not seem like you need to
purchase insurance. What's the risk, really? However, any number of things can happen to a vacant property. Fire
losses and slip and fall injuries, for example, could lead to a very expensive liability lawsuit. Addressing these
concerns with a vacant building insurance policy is essential to the needs of today's property owner.
Coverage for Vacant Buildings
Why Coverage is Necessary
An electrical fire started in the basement of a vacant building that was purchased eight years prior. The fire
started at the electrical panel and melted some wires, duct work and floor joists. The resulting damage was over
Cold weather during the winter months resulted in a broken pipe and consequently caused water damage to
the interior of the vacant building. Damages totaled over $16,000.
Contractors on a vacant building property were handling renovations. In the process of the project, a torch
created sparks that ultimately resulted in a fire. The resulting smoke and fire damage totaled approximately
A pedestrian fell on a sidewalk that was not plowed and cleared of snow and ice during the cold months. The
claimant suffered injuries, and the loss resulted in $50,000.
Both residential and commercial locations are acceptable
Ability to accommodate vacant buildings, partially vacant buildings, vacant condo units and vacant leased space with and without renovations
Policy terms of 3, 6 and 12 months are available
Contents coverage available
No restriction on length of vacancy
Limits up to $25,000,000 per location/$100,000,000 TIV
- Can consider structural renovations
Low minimum premiums
Fast service/quick quote turnaround
A or better rating by A.M. Best
General Liability, Property and Excess Liability coverages available
- Admitted & Non-Admitted Options Available
Check out our website, give us a call or send an e-mail request for an application today!