Colonial General Insurance Agency, Inc. offers a flexible and reliable Vacant Building Insurance program designed to help independent agents and brokers place coverage for vacant or unoccupied properties. Whether your client owns a commercial building awaiting new tenants or a residential property undergoing minor renovations, this program provides tailored solutions to meet their needs.
Ideal Accounts and Appetite
This program is ideal for:
- Vacant or unoccupied commercial buildings, including office spaces, retail properties, and warehouses
- Residential properties that are currently vacant and awaiting sale, lease, or minor renovation
- Buildings undergoing light, incidental renovation work (non-structural)
Monoline General Liability is available for vacant residential dwellings, while commercial buildings can be written on a package or monoline basis. Risks with heavy structural work or long-term vacancy without maintenance may not qualify.
Coverage Highlights and Advantages
Property Coverage Options:
- Available on Basic, Broad, or Special Form
- Coverage for Building and Business Personal Property
- Choice of Replacement Cost or Actual Cash Value
General Liability Coverage Includes:
- Primary limits up to $3 million occurrence/aggregate
- $5,000 Medical Payments Coverage—Included
- Additional Interests—Included at no extra cost
- Coverage limited to designated premises
- Excess or Umbrella limits available up to $25 million
- No deductible required
A helpful Loss Prevention Brochure is also available to assist insureds in minimizing risk and maintaining their properties safely while vacant.
Underwriting Notes
Colonial General works with a variety of carriers to find competitive solutions for vacant property exposures. Although no minimum premium is specified, underwriting focus is placed on well-maintained properties with clear plans for future use. Renovation activity must be incidental and non-structural in nature.
Territories and Availability
This program is available in the following states: Arizona (AZ), California (CA), Colorado (CO), Idaho (ID), Nevada (NV), New Mexico (NM), Utah (UT), and Wyoming (WY). Availability may vary depending on the risk profile and carrier preferences.
Why Work with Colonial General?
As a Managing General Agency and Excess & Surplus Lines Broker, Colonial General brings deep underwriting expertise and strong carrier relationships to the table. Their Vacant Building Insurance program provides agents with access to both admitted and non-admitted markets, depending on risk characteristics. Whether you're placing a temporary vacancy or a longer-term unoccupied property, you can rely on Colonial General for responsive service and adaptable solutions.
Example: You may have a client who owns a small retail building that recently lost its tenant and expects a new lease to begin in a few months. Or perhaps a homeowner needs coverage for a property on the market that is currently empty. Colonial General can help you place these types of accounts quickly and efficiently.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Vacant commercial and residential properties that are well-maintained and may have incidental, non-structural renovations are typically a good fit. This includes office buildings, retail spaces, and homes listed for sale or rent.
Can I write General Liability coverage only?
Yes, monoline General Liability is available for vacant residential properties. Commercial properties can be written on a monoline or package basis.
Are renovations allowed on the property?
Yes, but only incidental, non-structural renovation work is acceptable. Properties undergoing major structural changes may not qualify.
What states is this program available in?
This program is available in AZ, CA, CO, ID, NV, NM, UT, and WY. Availability may vary by carrier and risk type.
Does the program offer admitted markets?
Some admitted markets are available, depending on the risk profile and underwriting criteria. Colonial General also offers non-admitted options through their E&S capabilities.
Need help placing an account? Connect with a market specialist.