Vacant Commercial Property Program
Offered by RPS Programs
Vacant Building Vacant Property Commercial Property Vacant Property Vacant Dwelling Vacant Land Commercial Vacant Builders RiskDescription
Vacant Commercial Property Program
We’re here to be of help to protect diverse vacant properties.
RPS Programs has significant access and underwriting authority to quickly quote competitive vacant property risks. We’re here to be of help to protect diverse properties at a time that we may see an uptick in these types of needs.
For property landlords, it’s important to adjust any current policies if tenants are communicating more permanent lease changes to avoid greater claims exposure. We can offer you a variety of coverage options and terms to best support diverse vacant needs.
Eligible Properties:
- Vacant Land or Buildings
- Vacant buildings
- Buildings under renovation
- Ground-up builder’s risks
- Vacant land
- Real estate development land
Highlights:
- AM Best A+ Rated Carrier (non-admitted)
- No TIV Limits
- Longstanding program with skilled underwriting team
Submission Requirements:
- ACORD property application
- Vacant Building Application, if applicable
- Statement of values
- For multiple locations: breakdown of values per building
Loss runs:
- Minimum of three years of hard-copy loss runs
- No loss letter signed by insured if a new purchase
Details
Has Pen
Listing Contact
Michael Marks Sr Underwriter SVP
Offered By
Availability 48 states
Covered
Not Covered
