Post Topic
Vacant Building Insurance
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: What It Covers and Who Needs It
Just because a building lies dormant doesn’t mean it doesn’t face certain risks. Whether it’s theft, water damage, or fire, there’s always the chance an unoccupied building will need insurance coverage. Vacant Building Insurance is designed to give these buildings protection from the threats they face. This article will outline those dangers while explaining what…
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…
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…