Commercial Real Estate

Vacant Properties

TARGET CLASSES

• Buildings awaiting renovation
• Foreclosed vacant properties
• New construction that is not yet occupied
• New property acquisitions
• Properties available for lease, not yet occupied
• Real estate development property not yet under construction

UNACCEPTABLE CLASSES

• Condemned buildings (unless there is an acceptable plan for demolition to occur within a short period of time – property coverage is not available on condemned buildings)
• Lakes or ponds
• Lots used for local RV recreational activities
• Parks
• Sites or buildings with known pollution exposures
• Urban vacant lots

Real Estate

TARGET CLASSES

• Banks and Financial Institutions
• Combined Office/ Retail/ Mixed Use, with minimal Habitational Exposure
• Factories
• Land
• Lessors Risk (Premises maintained by insured or tenant)
• New Ventures/ New Purchases
• Office Buildings
• Parking lots/ garages
• Self-Storage Garages
• Warehouse/ Industrial

UNACCEPTABLE EXPOSURES

• Existing mold & asbestos issues
• Non-sprinklered over 5 stories
• Residential Apartment Buildings

PROPERTY

• Ability to write coastal risks including Wind & Hail Coverage (depending on state and distance to coast)
• Commercial property coverage up to $10M per risk
• Equipment Breakdown Including Spoilage Coverage available as optional coverage
• Property Enhancement Endorsement available including Money & Securities, Backup of Sewers and Drains, and other additional coverages

FINANCIAL SECURITY

• AM Best rated A++
• Standard & Poor’s assigned A+