No occupancy? No property insurance.
Typical commercial property coverage can be voided if a property is left vacant or unoccupied for 30 consecutive days. So, as soon as you know your commercial building is going to be vacant, you need to be looking for vacant property insurance. Vacant properties are more prone to vandalism and damage and your traditional property insurance carrier may not want to write a policy to cover that risk. That’s where we come in. We work on your behalf to secure appropriate vacant property insurance for your situation.
Here are some examples of common risks vacant property insurance will cover:
- Hail, lightning or windstorm damage
- Water damage caused by broken pipes
- Malicious mischief on the property and general property destruction
- Squatters on the property who cause damage without the owner’s knowledge
- Sprinkler leakage
Purchasing a Small Business Insurance Policy is Easy. Fill out the form below to get started!
Choose 3 or 6 months initially and then renew for up to 18 months.
You might not know how long your building or commercial space will stay vacant. It’s good to have some flexibility with your insurance term for just that reason. We will work with you to determine your need for today as well as work with you to secure extensions if necessary. As professional commercial insurance brokers, we always represent your best interests.
Do you need to insure land as well?
We can discuss vacant property and land insurance. This insurance is good for a single building and up to 20 acres of vacant land.