Products

Vacants

Penn-America Group® Vacant Building Program was created for commercial and residential buildings that are at least 70% vacant, including buildings undergoing minor renovations.

Penn-America Group® Vacant Building Program was created for commercial and residential buildings that are at least 70% vacant, including buildings undergoing minor renovations.

Overview

Don’t leave your unoccupied property vacant of the coverages you need to protect your asset.

An unoccupied property has an increased risk of loss from fire, water, and vandalism. Our vacant building product can be written on Special form to help protect from these perils. Many buildings can be vacant for a short period of time or even longer. These buildings may also need renovation work prior to being leased or sold. Regardless of the circumstances, Penn-America offers viable options and coverage solutions to meet your needs.

Overview of the Product

Vacant Property Insurance is designed to protect unoccupied structures during vacancy for the interim period before being leased or sold.

Target Classes

Vacant Buildings – Other than Not for Profit
Vacant Buildings – Not for Profit
Vacant Buildings – Factories

Coverages Offered

General Liability – Up to $5M / $5M limits
Property (Building, Business Personal Property, and Business Income coverages)
Cause of Loss: Basic, Broad, and Special form

Actual cash value and replacement cost valuation
Business personal property (for risks not undergoing renovation)
3, 6 and 12 month policy terms