Property

Vacant and Distressed Property

Distressed and vacant properties are an unfortunate byproduct of a challenging economy.  With a high level of expertise, a thorough understanding of exposure, and strong market relationships, we can provide you with the hard to place distressed and vacant property coverage that you need.

Capablities

Coverage (exceptions may apply)

  • DIC All Risk – including Flood and Earthquake
  • Special form
  • Replacement cost valuation
  • Theft
  • Contents
  • Fire, Lightning, Wind/Hail
  • Exceptions: Unprotected or unsecured properties

Length of Contract Available

  • 3 months
  • 6 months
  • 9 months
  • 12 months
  • (May vary if CAT-exposed)

Target Classes

We can provide coverage for almost all types, but specialize in the following areas:

      • Retail stores
      • Restaurants
      • Condominiums / Apartments
      • Offices
      • Schedules of single family dwellings
      • Manufacturing / Warehousing
      • Various other commercial occupancies

Submission Requirements

    • Acord 125 and 126 (if GL is requested)
    • C.O.P.E. (including protection class, amount of time vacant, loss runs, security information, fire protections)

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Changes at Mercator

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Mercator Risk is part of Preferred Brokerage and Mercator Pro and Mercator Select are part of our specialty business unit, Preferred Advantage.

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