Property & Casualty

Vacant Buildings

Vacant building and property losses often create difficult loss settlement situations for everyone involved.  We offer policies on residential, commercial, or industrial properties either on a monoline or package basis. referred Advantage has access to open, flexible markets and can adjust to the needs of the insured quickly. We develop unique policies and maintain rate flexibility while customizing coverages for your client and creating affordable alternatives for unusual classes of business

Capabilities

We specialize in:

  • Hard to place programs
  • New programs
  • Companies that have had a significant number of claims
  • Companies going through change,
    such as a sale
  • Companies experiencing rapid growth

Potential covered occurrences while a building is vacant include, but are not limited to:

  • Fire
  • Lightning
  • Explosion
  • Windstorm or Hail
  • Theft or attempted theft
  • Smoke
  • Vandalism
  • Liability, including medical payments and fire legal liability.

Exposure

Examples of covered Vacant Buildings include, but are not limited to:

  • Totally vacant buildings, including condos
  • Buildings that are completely constructed
  • Buildings undergoing minor interior renovations
  • Buildings waiting for a tenant
  • Buildings pending a sale

 

What We Need

  • The current Vacant Building and Partially Vacant Building application
  • Representation of incurred loss history for the past three (3) years

P&C Contacts

Angela Rinaldi Needham
860.280.2142
   Bio »

Ron Majkowski
860.280.2162
   Bio »

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