Short Term Vacant Commercial Property Insurance

Many businesses operate on a strictly seasonal basis, meaning that they require retail spaces on short-term leases.  This can be a financial strain on landlords, as short-term leases lead to higher turnover, where retail spaces are vacant or unoccupied for a good part of the year.

However, the bigger worry for property owners is that vacant commercial properties are more difficult to insure, given that vacant properties face higher risk exposures of fire or flood damage or become targets for trespassers, thieves and vagrants.

In addition, property owners may find themselves underinsured or lacking appropriate coverage, as standard commercial property insurance policies often have a vacancy clause that excludes coverage when properties are vacant for certain periods.

Short Term Vacant Commercial Property Insurance provides specialized property & liability coverage that could include:

• Protection for the physical structure of your rental property from covered perils
• Liability for property damage or physical injury to third parties