Vacant Building Insurance
We understand many of the concerns and questions you may have when it comes to insuring your vacant buildings. Having a vacant property is always a difficult risk to insure. Many insurance companies will not insure empty buildings or abandoned homes because of the increased risk of a loss occurring.
Vacant Building Insurance with us
At FarmerBrown.com, we are committed to evaluating your buildings and helping you choose the best insurance coverage.
If you own vacant buildings such as an office, apartment building or single family homes, we have developed the package just for you. Our vacant building insurance covers:
In addition to protecting your real estate structure, this insurance may also provide Liability Insurance Coverage to protect you from financial ruin if someone is injured on your property and sues for damages.
FarmerBrown.com has the capability to provide quotes for the hard to place risks and get you insured quickly and conveniently. We have the experience to analyze and recommend the appropriate building insurance coverage for your property. Business assets have one thing in common-they all need protection. Protect your valuable physical assets with quality insurance coverage.
By selecting the best policies from the nations top insurance carriers Farmer Brown is able to deliver coverage that represents the greatest value for you.
What are the Key Benefits of choosing Us?
- A policy uniquely crafted to meet your needs
- Ability to negotiate with insurers to achieve insurance solutions effective for you
- Knowledgeable and professional sales team
- The security of A rated insurance companies
- 24 hour claims service
- Easy payment options
- Online quotes
- Attention to detail and customer service
You can obtain a vacant building quote by clicking below, or by calling (888) 492-3773 today to find out more about the extensive insurance programs offered by FarmerBrown.com to reduce premium cost and risk. Let the Farmer Brown. team make obtaining insurance coverage trouble-free. Get the coverage you need at the rates you deserve
Please fill out the form for your Vacant Building Quote
VACANT BUILDING INSURANCE
Most standard market insurance companies do not offer coverage for vacant buildings. This type of insurance can be very expensive and hard to obtain. Through years of experience the agents at VacantBuildingInsurance.com will be able to guide you around the obstacles in obtaining the proper coverage for your vacant property to make sure that you are properly covered at a reasonable price. Owning a vacant building can turn into a major promise.
- Vacantbuildinginsurance.com specializes in the unique needs of insuring unoccupied or partially occupied buildings.
- Whether it be a vacant building, vacant home, or vacant warehouse, we shop multiple insurance carriers to find you the right product.
- We offer financing if available as well as multiple policy periods from 3 months to 24 months.
- We understand the complexities insuring vacant buildings and will find the right product that gives you the best value for your insurance dollar.
In the event that your home or property becomes vacant for a long period of time, standard building insurance policies will not cover the property. A specialized vacant building insurance or vacant hosue insurance can cover your property during these periods of vacancy from vandalism, damage, loss, and much more. Don’t hesitate to seek out the right information and gather all the facts before making your vacant building insurance decisions. Vacant home insurance, vacant building insurance, or any vacant property insurance is our expertise. It is important to ask many questions and get answers directly from our experts that specialize in vacant building insurance on a daily basis – it’s all we do!
WHO NEEDS VACANT BUILDING INSURANCE?
WHAT MAKES A BUILDING VACANT?
This is not as straightforward as it sounds. The dictionary definition and the classification by an insurance company as to what a vacant structure can vary greatly. There are some very important gray areas that the experts at VacantBuildingInsurance.com can explain to you.
- Commercial and rental properties that are less than 35% occupied generally are not covered by a standard policy.
- Seasonal use dwellings such as vacation homes and winter residences are usually treated as vacant properties by insurers.
- Property under going renovation are classified as vacant, you might want to ask about obtaining a builder’s risk policy to cover you during renovations.
If you have any doubts whether you property is classified by insurers as requiring vacant building insurance, give our expert agents a call. They will carefully listen to your particular circumstances and get you the proper coverage you need. If there should be a claim at your property make sure before hand you have the proper coverage. There is nothing worse than having a claim only to find out later that your insurer is denying coverage based on vacancy.
EXPERTS IN VACANT BUILDINGS, HOMES, & PROPERTY INSURANCE
Vacant building insurance is all we do. This allows our agents the focus your accountant deserves. By using Vacantbuildinginsurance.com, you obtain the following benefits ordinarily at a significant savings from other insurance agencies.
- Quotes from almost all the major insurance companies in the country, so shopping for the best price and proper coverage can end here.
- Depending on your situation, and what you are doing with your project, an insurance expert at VBI.com can advise you through the risks at hand.
- Give you options on the best value for your insurance dollar.
- Get you a vacant building insurance policy within 24 hours after a completed application is submitted.
REQUEST AN INSURANCE QUOTE
Give us a call today at (888) 492-3773 or click here for an Instant Quote. It will be the last call or click you will need to make to get your vacant home, property, or building insured! Get a Quote for your Vacant Building Insurance Today!
WHAT MAKES VACANTBUILDING INSURANCE.ORG AN INDUSTRY LEADER?
- Our unmatched customer service and industry trends spotting set us ahead of the curve
- We examine each policy on a case by case basis for personalized attention
- We have years of experience combined and focus only on 1 product: vacant building insurance
- Competitive vacant building insurance rates plus prevention training saves you the most
ALL VACANT BUILDINGS NEED INSURANCE
With limited coverage from your standard insurance plan, we offer an excellent solution to save you big over time. You don’t want to get caught up reviewing your policy after an event of damage occurs. Staying on the safe side and reducing risk is a huge difference maker when considering a return on your investment. It is important to take the time to go over the facts, risks, and prevention measures no matter what condition your vacant building is in. There is so much liability, especially with easy access buildings or new technology that can be used to break in or do damage to your vacant properties. It is crucial to consult an expert and assess everything before you make your decision.
What You Get:
- A straightforward insurance policy for your vacant building insurance properties
- A qualified and certified agent to guide you through the process
- Ongoing support from our team of experts at Vacantbuildinginsurance.org
- Peace of mind and major savings from prevention education and policies
Vacant Building Insurance (VBI)’s agents have up to 20 years experience writing vacant building insurance. Our goal is to earn a customer’s trust for life. We hope to earn your trust and confidence and want to insure your building once occupied. We are licensed throughout the United States and specialize in this type of insurance. We represent a number of carriers that between them represent over 95% of the vacant buildings in America. This gives us the unique ability to find you the best rate for your situation and get it done quick. Please take the time to fill in a quote form or call us any time. We promise it will be worth your time and many of our clients save up to thousands of dollars. We look forward to working with you.
WHAT MAKES US THE INDUSTRY LEADER?
- We focus on each individual case and use our strategic relationships for the best possible quote
- We work with the leading carriers in the industry
- Our reputation is everything – we have hundreds of satisfied customers
- We specialize only in vacant building insurance with decades of combined industry experience
At VacantBuildingInsurance.org, we concentrate only on vacant buildings and making sure that your investment is protected. We take every step of the process seriously from the first time you contact us for a quote all the way to years down the line. We focus on getting you the best possible insurance plan as well as educating you on the risks of a vacant building and actionable prevention measures to combat damage to your property.
WHAT TO WATCH OUT FOR:
- Fire that completely destroys the property
- A water pipe burst, especially in winter when pipes freeze
- Break ins and encroachment
- Weather events like storms, rain, and wind
- How your policy defines a vacant building
We hold a respected reputation in our community and have spread this to each of our clients across the United States. We are licensed across the entire U.S. and have built many strategic partnerships and relationships over the years. If you have a vacant building you’d like to insure, then we are the clear choice. We want to guide you through what can be a complicated process to make sure you don’t get left in the dark. Get an instant vacant building insurance free quote for your property.
WHAT DO YOU NEED TO DO TO GET A VACANT BUILDING INSURANCE?
It might be hard to get a vacant building insurance because insurance companies prefer not to work with vacant properties since they attract insurance risks. Possible risks are fire, break-ins, leaks, damaged pipes, vandalism and a possibility of injury on the property while it’s unoccupied. Insurance companies usually give a limit for vacant building insurance coverage of 30 days from the date of vacancy. An insurance company would usually cancel your policy and will inform you when exactly the coverage will end. A good tip is to prevent or avoid your existing building insurance policy from getting cancelled.
TOP TIPS FOR VACANT BUILDINGS
The best way to fix this dilemma is to find someone who can occupy or rent the space immediately. On the other hand, if this seems impossible, do your best to keep the existing policy or coverage and prevent it from getting cancelled by your insurers. Since you are away, it is advisable to make your vacant building look like it is still being occupied to secure the place. Leave some furniture, keep some lights on, have someone check the place often. Also consider installing security cameras or an alarm to keep your property protected.
ASK AN EXPERT
To get a vacant building insurance, easiest way is to contact your insurance carrier and ask for help. Try to save some money by getting different quotes and choose the best one for you. You can get quotes with Vacant Building Insurance’s free service just by filling out a form, and an agent will get back to you right away to help you out. Keep in mind that you don’t have to insure an empty property for the usual 12 months a policy gives. Insurance company may give you a cover for three, six, nine or twelve months and you can extend if you want to in case selling the property takes a while.
There are various reasons leading to a house or building to be declared a vacant building. For instance, you own an apartment but you are out on a long holiday. Maybe repairs are being done on your house and you are forced to shift to allow work to go on. You could also decide to build a house and use it as secondary home or just for vacation. All these reasons can lead to vacancy. When a house is earmarked for sale, it remains vacant until it is purchased and the new owner moves in. In all these cases, you would need vacant property insurance to ensure that you don’t lose money in case of damages or vandalism.
It can be hard to secure and insure a vacant property. Sadly, manyvacant properties such as homes and building are not insured yet and they are open to risks of a loss occurring. It is highly encouraged that an owners secure his/her vacant property by getting vacant building insurance.
Unexpected incidents happen. Especially when nobody is around the area to make sure your property is secured and still in good condition, it is more likely that something that can cause major losses to the property such as fire, vandalism, theft, and other catastrophes will happen. If you bought the property for construction purposes and either have rented it, sold it, or even occupied it yourself, then it is important that you purchase a vacant building insurance policy. If that is your case, your bank or mortgage company will require you to get one for the property for protection. The reason why you need to get coverage for your unoccupied building or home is to protect you from losses that you can’t afford to cover without a vacant building insurance. If something occurs, chances are the loss will be too big for anyone to have it repaired without the insurance.
Common incidents that happen to unoccupied properties are theft or burglary. If something is stolen, whether it’s the property’s copper piping or installed items like appliances, heaters, or personal effects, then it can be endorsed as theft and burglary. So what happens if somebody broke in your property but was not able to steal anything? Then this is when it can be covered as vandalism. This is when a thief breaks in and breaks the door, cabinet or anything in the property but did not take anything with him. When you purchase insurance coverage for your property be sure to seek assistance from your agent to know if your property covers theft or burglary or vandalism.
A lot of people think that don’t think that they need vacant building insurance for their unoccupied property. The fact is a property is at much greater risk than if it were occupied because it becomes target for squatters, vandals, thieves, and a lot more. To help reduce risk, installing security cameras, lights, and security alarms will help. The best way, however, is to get the right policy for your property.
To best way to find a policy that is right for your budget is to get quotes and compare. You can sit back and relax and let us give you what you need. Our team of specially trained agents understands the risks associated with vacant buildings and knows exactly what to give you. So go ahead and give us a call at (888) 492-3773. It will be the last call you make to get you vacant property insured!
Sometimes it is hard to think of insuring a house you are not living in; however, there are various issues you need to understand. When a building is left vacant, the owner risks not only damages but also financial losses. By insuring it, you get protected against these losses. Before deciding which policy to go for, it is important to discuss the issue with your agent so that you can come up with an insurance cover that suits your interest. By so doing you will be able to choose a suitable option for your case. There is nothing good like having financial protection and peace of mind – Vacant Building Insurance offers both.
WHY IS VACANT BUILDING INSURANCE SO EXPENSIVE?
The reason vacant building insurance is so pricey is that the insurance company is taking a significant amount of risk versus an occupied dwelling. If there is a loss, the additional time it takes to find the loss can cost the insurance company thousands of dollars; hence, the severity of claims is magnified. There are also the additional perils that an insurance company takes on for liability. Teenage kids drinking, vandalism, and frozen pipes to name a few. Remembering that insurance companies work on basis of large numbers, this severely impact the claims that are in your “pool”. The good news is that we have flexibility in how much you would like to insure your building to as well as the time period we insured it for. This can save you a considerable amount of money, but also can impact your claim settlement in the event of a claim.
CAN I FINANCE THE PREMIUM?
Unfortunately, you can only finance the premium for a vacant building if the policy is for at least 1 year.
DOES VBI OPERATE IN THE STATE MY BUILDING IS IN?
Yes. VBI operates in all 50 states and can usually find a policy to fit your needs.
WHAT IF THERE ARE CONTRACTORS IN THE BUILDING?
This can be a complex question. There is a difference between a builders risk policy and a vacant building policy. We will analyze your situation and let you know the best route for you-whether it be a builders risk policy or vacant building policy-and help you make the right choice.
WHAT IF I AM IN A HIGH WIND AREA?
In most states, we can find wind coverage; however, this can significantly increase the premium of the policy.
CAN I CANCEL ONCE I SELL THE BUILDING?
No. Vacant building policies are fully earned for the time period. Once you purchase the policy, there are not returned premiums.
HOW CAN I PAY FOR THE POLICY?
VBI can take credit cards or checks over the phone. We can usually get you a policy within a day in you can scan/fax back the simple application we send you as soon as possible.
DO I HAVE MY CHOICE OF HOW MUCH LIABILITY COVERAGE I NEED?
Generally yes, depending on the company. We can usually write a policy that has $300,000, $500,000 or $1,000,000 in general liability coverage.
DO I HAVE TO INSURE MY BUILDING TO REPLACEMENT COST…I PAID MUCH LESS FOR IT?
No you do not; however, if you have a claim the insurance company will give you a depreciated value and in some cases a co-insurance penalty if the building is not insured to 80% of the replacement cost. This is in addition to the deductible which will be out of your pocket at well.
WHAT IS THE DEFINITION OF “VACANT”?
Vacant is usually defined at a building that no one has slept in within the last 30 days; however, some companies do have different definitions of “vacant”.
ONCE THE BUILDING IS OCCUPIED CAN I CHANGE THE INSURANCE OVER TO A “PREFERRED” MARKET POLICY?
Yes. As soon as the building becomes occupied, you will want to change it to a standard policy for you will probably need some additional coverage such as “Business Income” coverage.
CAN I NAME AN ADDITIONAL INSURED ON THE POLICY?
Yes. We can add on a mortgagee, contractor, or another person onto your policy. We can do this for general liability as well as property coverage.
WHAT TO DO IF YOU NEED TO GET A VACANT HOME INSURANCE
Many people don’t realize that when they leave their homes they need to inform their insurers about the new status of their houses simply because while they’re away, their houses might not be safe enough from risks such as theft, fire, leaks and even pest problems. This is what the vacant home insurance is for, to protect your home from these risks. If you’re no longer occupying the house short-term or long-term, your home can already be classified as a “vacant property.” So if your home or property has been vacant for more than the time given by your insurance company, you need a vacant home insurance for coverage. Here are some tips on what you should do to get your vacant home insurance.
1. INFORM YOUR INSURANCE COMPANY RIGHT AWAY.
Have your insurers help you out. Let them know about your situation and the house’s too. Assure them that your home will be checked and maintained from time to time and if you are not around the area, have someone do that for you. One option is to hire someone who can take care of the house while you are away.
2. REDUCE YOUR COSTS.
You need to have choices. Have at least 3 quotes to compare and then choose the best one for you. The easiest way to do this is to have an agent help you out and gather vacant building insurance quotes for you and give you the best one.
3. MAKE YOUR VACANT HOME LOOK OCCUPIED ALL THE TIME.
Make sure your lawn is always clean; leave some lights on and some furniture inside. This will make your house a little more secured from vandalism, and burglars.
4. INVEST ON YOUR HOUSE’S SECURITY.
Contact the best security system installers to get make sure that you get alarm systems and camera properly installed. Make sure all your locks are still working and keep all doors locked and all windows completely closed.
Stop worrying about every step; let our specialist guide you through everything you need to accomplish for your vacant building insurance for free. Get a quote now or give us a call at (888) 492-3773.