Gold

Commercial Vacant Property

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.

Product Details

  • Multiple Available
  • Yes

Company Contact

Ask a Question

Availability

Covered
Not Covered
AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Share This

Send to Friend

Product Files