Posts Tagged ‘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…
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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