Overview of the Program
This program is tailored for vacant residential properties, including those awaiting sale, under renovation, or involved in foreclosure. Atlantic Specialty Lines specializes in hard-to-place accounts, offering flexible solutions through its position as an experienced Excess & Surplus Lines Broker. With options for both short-term and long-term coverage, you can tailor policies to meet your insureds' specific timelines and exposures.
Ideal Accounts and Appetite
Atlantic Specialty Lines can help you place a wide range of vacant property types, including:
- Residential homes held by LLCs, Corporations, Trusts, or Estates
- Foreclosed or forced-placed properties
- Homes undergoing interior or structural renovations
- Ground-up construction projects
- Properties with prior claims or lapse in coverage
- Risks with poor credit history
- Coastal exposures with appropriate underwriting
Example: You might have a client who just purchased a home to renovate and flip, but the property will sit vacant for several months. Or perhaps an estate property is tied up in probate and needs temporary coverage. This program can offer solutions for those scenarios and more.
Coverage Highlights and Advantages
Atlantic Specialty Lines offers flexible coverage tailored to the needs of vacant property owners. Highlights include:
- Short-term and annual policy options
- Special Form coverage available for qualified risks
- Ability to accommodate complex ownership structures
- Admitted and non-admitted options available in most states
Underwriting Notes and Minimum Premiums
Minimum premiums vary by account, carrier, and coverage structure. The program is designed to offer flexibility for both small and large risks. Underwriting is handled with a common-sense approach, and risks with claims history or credit issues will still be considered.
Territories and Availability
This Vacant Home Insurance program is available in the following states:
AL, CO, CT, DE, FL, GA, IL, IN, KS, KY, LA, ME, MD, MA, NH, NJ, NY, NC, OH, PA, RI, SC, TN, VT, VA, DC
Admitted coverage is available in most of these states, giving you greater flexibility when placing business.
Why Work With Atlantic Specialty Lines, Inc.?
As a trusted Excess & Surplus Lines Broker, Atlantic Specialty Lines brings deep market access, underwriting know-how, and a strong commitment to service. Their ability to handle hard-to-place vacant property risks, including those with prior loss history or complex ownership, makes them an ideal partner for agents and brokers looking to solve tough placement challenges. With strong carrier relationships and a focus on fast, responsive service, they help you deliver value and peace of mind to your clients.
Frequently Asked Questions
What types of accounts are a good fit for this Vacant Home Insurance program?
Ideal accounts include vacant residential homes, properties under renovation, foreclosures, and estate-owned dwellings. Risks with prior claims, poor credit, or lapse in coverage are also considered.
Are short-term policies available?
Yes, both short-term and annual coverage options are available to meet the specific needs of each property and client situation.
Can properties under renovation or construction be covered?
Yes. Properties undergoing interior renovations or ground-up construction can be eligible for coverage, depending on the underwriting details.
Is this program available in coastal states?
Yes. Coastal exposures are considered, subject to underwriting and carrier guidelines. Atlantic Specialty Lines works with multiple "A" rated carriers to find suitable options.
Who can be named insureds on these policies?
The program accepts LLCs, Corporations, Trusts, and Estates as named insureds, in addition to individuals.
Need help placing an account? Connect with a market specialist.