Posts Tagged ‘vacant building insurance’
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…
Read MoreVacant 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…
Read MoreWhen 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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