Vacant Properties
Coverage for the time between uses.
Vacancy changes the risk—but it does not make every property the same. ABEX considers the reason for vacancy, site security, maintenance, future plans and surrounding exposures to tailor coverage for eligible vacant buildings and land.
A strong fit may include
Vacant residential properties
Vacant commercial and industrial buildings
Vacant land and premises liability
Properties undergoing minor renovations
Coverage and capacity highlights
Capacity in excess of $20 million may be available
Broad form, replacement cost, sewer backup and vandalism may be available for qualifying risks
No blanket restriction on building age
On-premises pollution may be considered for qualifying property risks
Help us assess the risk
Include the reason and expected duration of vacancy, inspection frequency, utilities, heat, security, renovation scope, valuation and plans for sale, tenancy or occupancy.
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Vacant residential buildings
Vacant commercial buildings
Vacant properties awaiting sale
Investment properties
Vacant land
Premises with vacant buildings
Other eligible vacant properties
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How long the property has been vacant
Reason for vacancy
Previous occupancy
Future plans for the property
Building value
Building construction and age
Property condition
Utilities
Fire protection and security
Snow removal and property maintenance
Claims history
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Why submit to ABEX?
Vacant properties require a different underwriting approach from occupied buildings. ABEX has a defined appetite for vacant property and can consider both buildings and land.
Have a vacant property to place? Send us the details.