Commercial Vacant Property
Offered by Griffin Underwriting Services
Vacant Property Vacant Building Commercial Property Commercial General Liability Commercial Excess Commercial Building Owners Foreclosure Theft SecurityDescription
Product Features
• 3, 6 and 12 month terms available
• 25% minimum earned 12 mos. terms
• Monoline or package policies available
• Special Form can be available if building is newer or updated
Property
• Building coverage
• Business personal property coverage
• Basic, Broad, or Special Form available
• Replacement cost or actual cash value
• TIV in-house limits up to $4,000,000, higher limits available with our brokerage department
General Liability
• Primary limits up to $2,000,000
• Medical payments up to $5,000
• Additional Insureds available
• Coverage limited to designated premises
• Excess/Umbrella limits up to $25,000,000
• A no deductible option is available
Why Vacant Property Insurance?
• Buildings that are vacant for extended periods of time are susceptible to vandalism, theft, and arson, often due to a reduction in maintenance and security oversight.
• Many standard markets choose to exclude insurance on vacant property for various reasons, and many property owners are surprised to learn that after sitting empty for a designated span of time their previous coverage becomes void.
• Griffin has a number of markets and coverages to ensure that all types of vacant property receive the broadest form possible with the least expensive premium!
Eligible Risks
• Foreclosed properties, if owner has moved
• In house authority if vacant for 2yrs or less, can write long term vacancies with carrier referral
• Vacancies with remodeling exposure
• No bankruptcies
*This is just a coverage overview. Actual policy wording applies.
• 3, 6 and 12 month terms available
• 25% minimum earned 12 mos. terms
• Monoline or package policies available
• Special Form can be available if building is newer or updated
Property
• Building coverage
• Business personal property coverage
• Basic, Broad, or Special Form available
• Replacement cost or actual cash value
• TIV in-house limits up to $4,000,000, higher limits available with our brokerage department
General Liability
• Primary limits up to $2,000,000
• Medical payments up to $5,000
• Additional Insureds available
• Coverage limited to designated premises
• Excess/Umbrella limits up to $25,000,000
• A no deductible option is available
Why Vacant Property Insurance?
• Buildings that are vacant for extended periods of time are susceptible to vandalism, theft, and arson, often due to a reduction in maintenance and security oversight.
• Many standard markets choose to exclude insurance on vacant property for various reasons, and many property owners are surprised to learn that after sitting empty for a designated span of time their previous coverage becomes void.
• Griffin has a number of markets and coverages to ensure that all types of vacant property receive the broadest form possible with the least expensive premium!
Eligible Risks
• Foreclosed properties, if owner has moved
• In house authority if vacant for 2yrs or less, can write long term vacancies with carrier referral
• Vacancies with remodeling exposure
• No bankruptcies
*This is just a coverage overview. Actual policy wording applies.
Details
Appointment Required
Carrier Information
Multiple Available
Offered By
Downloadable Files
Availability 50 states + DC
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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