Vacant building coverage is important when a business owner sells their practice or retires but needs to maintain building insurance on the property due to the fact no tenants are occupying space in the building.
- The standard insurance market typically excludes coverage after 30 days of vacancy.
- Also, if you own a building but at least 70% of the building is NOT occupied (unless you have received special underwriting approval) you might need a vacant building policy to insure your building adequately.
For more information regarding this coverage, email
or call 800-944-7550.