Post Topic
Vacant Building Insurance
Unoccupied Property Insurance: A Broker’s Guide
Many people are unaware that unoccupied and vacant buildings often pose greater insurance risks than those that are occupied. Without anyone present to catch early signs of trouble, theft and vandalism can become more likely, while minor issues like small leaks can escalate into major flooding. That’s why it’s crucial that your clients get comprehensive…
Builder’s Risk Insurance in Utah: Elevate Your Construction Protection
In 2023, Utah took the top spot for the most new home construction starts, with 11.7 new builds per 1,000 residents. It’s no surprise that the housing market is so hot, as people want to live in Utah, considering the state’s beauty, with its national parks, strong job market, and low crime rate. As new…
Building Success in the Bay State: The Power of Builder’s Risk Insurance in Massachusetts
In the bustling heart of Massachusetts’ construction landscape, Builder’s Risk insurance emerges as the silent guardian of every project, ensuring that risks are managed, and investments are secure. As the Bay State continues to witness a dynamic construction industry, with projects ranging from building restorations in Boston to innovative developments in Cambridge, understanding the nuances…
Binding Online for Vacant Buildings and Builders Risk
You can easily quote and bind your Vacant Building and Builders Risk business through the Broker Portal. To learn how to quote and bind online, follow the steps below. If you have Vacant Building or Builders Risk business, you can self-service bind if:∙ The submission is in quoted status∙ Effective date is the current or…
Builder’s Risk Insurance: A Broker’s Blueprint to Protecting Construction Projects
Improve your knowledge of Builder’s Risk insurance with industry experts from Distinguished by watching our webinar recording. Discover how to calculate coverage, gain underwriter recommendations, distinguish Builder’s Risk from other policies, and explore coastal coverage options. Learn sales tactics, find leads, and specialize in providing your clients with complete construction protection through Distinguished Programs. Don’t…
How to Close a Construction Site During the Holidays
The holiday season is around the corner and that means many construction sites will be shutting down for a while. While many workers and contractors will be welcoming a much-deserved break — there a few things to consider before you close a construction site to keep the property and everyone else safe.
Vacant Building Insurance: Why Underwriting Flexibility Is Important for Brokers and Insureds
In providing insurance for vacant buildings, there are clear underwriting guidelines to help ensure the client’s risk profile is good. But you also want flexibility in order to be able to meet an insured’s needs and expand your footprint. That’s where Distinguished Programs and our Vacant Building program come in. We don’t just stop where…
When Do I Need Vacant Building Insurance?
Homes become vacant for a number of reasons. A house may be up for sale and the sellers have already moved, or the home is an investment property and it’s taking longer to find tenants. Standard homeowners insurance policies include a vacancy clause which eliminates and/or restricts coverage for losses on property that is vacant…
Protect Vacant Buildings from Halloween Vandalism
After more than a year of pandemic protocols and social distancing, experts like Dr. Fauci say families should enjoy trick or treating. That’s great news for all the children who missed Halloween last year. But Halloween can be the scariest night of the year for the owners of vacant real estate. Halloween vandalism at vacant…
What’s the Difference between a Vacant Building and Unoccupied Building?
Empty properties present more risk to insurers than occupied ones. Without a homeowner, property manager, or tenant present, a property is more vulnerable to theft, vandalism, fire or flood damage, and damage caused by squatters. In everyday life, we use the words “vacant” and “unoccupied” to refer to empty properties, but this is not the…