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Vacant Building Insurance

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…

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How to Close a Construction Site During the Holidays

The holiday season is here 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.

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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…

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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…

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Tapping into the Benefits of Transitional Real Estate Coverage

The pandemic has reshaped the real estate and construction market as many offices became vacant with workers going remote and companies rethinking their square-footage needs. At the same time, urban dwellers fled their apartments for the suburbs. As things begin to normalize, developers are looking to leverage the thousands of unused and vacant properties across…

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Builders Site Protection and Market Changes

The pandemic caused unprecedented business closures during April and May across the country, particularly in the hospitality and retail sectors; sent professionals home to work remotely; emptied out office buildings; and shut down construction projects.  We offer some insights on what we are seeing to date in both our Vacant Building and Builder’s Risk &…

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