Vacant Building Coverage
Offered by General Star
Description
With the current state of the economy and the increased number of foreclosures,
General Star would like to be your market of choice for low occupancy and vacant buildings.
Coverage Offered:
• Special and Basic Forms
• Options available for 3 month, 6 month, annual policy periods
• Package policies available on vacant buildings with a catastrophic wind element
Risk Appetite:
• Commercial & light industrial buildings closed or out of business, or partially occupied
• Builder's Risks awaiting certificate of occupancy
• Habitational developments completed but not sold, or partially occupied
• Foreclosed Property
• Unsold and vacant condominium units, whether owned by a lender or a developer
Minimum Deductible:
• $10,000
• Windstorm/Hail: 1/2% to 5% values at risk at the time of loss,
depending on the location of the risk in coastal areas
Limits Available: Up to $7,500,000 net
Submission Requirements:
• Length of time the building has been vacant
• Future plans for the property
• Age of the building
• Security measures taken to protect the building
General Star would like to be your market of choice for low occupancy and vacant buildings.
Coverage Offered:
• Special and Basic Forms
• Options available for 3 month, 6 month, annual policy periods
• Package policies available on vacant buildings with a catastrophic wind element
Risk Appetite:
• Commercial & light industrial buildings closed or out of business, or partially occupied
• Builder's Risks awaiting certificate of occupancy
• Habitational developments completed but not sold, or partially occupied
• Foreclosed Property
• Unsold and vacant condominium units, whether owned by a lender or a developer
Minimum Deductible:
• $10,000
• Windstorm/Hail: 1/2% to 5% values at risk at the time of loss,
depending on the location of the risk in coastal areas
Limits Available: Up to $7,500,000 net
Submission Requirements:
• Length of time the building has been vacant
• Future plans for the property
• Age of the building
• Security measures taken to protect the building
Offered By
Availability 50 states
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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