Vacant Building
Vacant Building Insurance
Protect your vacant buildings from potential losses from accidents, vandalism, or theft with this specialized type of insurance coverage from Eber & Associates.
How Do You Define Vacant?
The vacancy clause in your commercial property insurance defines when your building is considered vacant and also outlines the limits of your property insurance during that time.
By understanding the limitations of commercial property insurance, you can be prepared with the appropriate coverage.
Limits of Commercial Property Insurance
For instance, take a typical policy that excludes coverage for water damage, theft, sprinkler leakage, and vandalism if your building remains vacant for 60 days. If a loss happens while a building is unoccupied, your payment may be decreased by up to 15 percent.
By understanding the limitations of commercial property insurance, you can be prepared with the appropriate coverage.
Risks Associated With Vacant Buildings
When commercial properties are left vacant, they become more susceptible to various risks, such as fire, theft, vandalism, and sprinkler leakage. This is due to the lack of anyone present to monitor and safeguard the property.
Without anyone to oversee your property, problems can escalate and worsen. For example, a sprinkler leak might gradually lead to substantial water damage. The appropriate vacant building insurance can supplement your commercial property insurance and keep your business protected.
Vacant Building Insurance from Eber & Associates
With vacant building insurance, you can safeguard your unoccupied business against very real risks. Finding the right vacant building insurance can take time. If you’re searching for specific coverage for a particular risk, our agents will find the answers to your questions.
Submit a request form for a quote today. Eber & Associates is here to cover you and your property through life for life.
Custom Insurance the Smart Way
When it comes to custom insurance solutions, you need a team you can trust to help you find the perfect fit. Let Eber & Associates guide you to a more secure tomorrow with the care, coverage, and confidence you deserve.
