Ideal Accounts and Appetite
This program is well-suited for a range of vacant property types, including:
- Vacant single-family homes (must be 100% unoccupied)
- Multi-family dwellings with up to 10 residential units
- Commercial structures such as retail shops, office buildings, light industrial, and wholesale spaces
Properties must be less than 30% occupied to qualify. This program is ideal for clients who are in-between tenants, preparing properties for sale, or renovating spaces before re-opening or leasing.
Coverage Highlights and Advantages
- Specialized coverage form tailored for vacant residential and commercial buildings
- Limits available up to $5 million
- Actual Cash Value (ACV) and Replacement Cost options available
- Flexible policy terms: 3, 6, or 12 months
- General Liability coverage available
- Fast electronic processing with quick turnaround times
- No volume commitment required
- Written with A.M. Best A-rated non-admitted carriers
- Competitive pricing and commission structure
Underwriting Notes and Minimum Premiums
Distinguished Programs offers streamlined underwriting with electronic submissions and responsive service. Minimum premiums vary based on risk characteristics, property type, location, and selected coverage terms.
The program accommodates properties undergoing light rehab or preparations for occupancy. For buildings entering active construction phases, policy transitions to Builder’s Risk coverage can be arranged with ease.
Territories and Availability
This program is available in most states, including CA, TX, NY, FL, IL, NJ, and many others. Coverage is provided on a non-admitted basis through various carriers. Please note that availability and terms may vary by state and individual risk.
Why Work With Distinguished Programs?
As a leading Managing General Agency, Distinguished Programs brings decades of niche expertise and a strong carrier network to help agents place unique or hard-to-cover risks. For real estate clients, the ability to switch seamlessly between vacant property and Builder’s Risk insurance means fewer administrative headaches and more continuity of protection. Their Vacant Building Insurance program empowers you to respond quickly and effectively to your clients’ changing property needs.
Whether your client is a real estate investor preparing to renovate a single-family rental in Ohio or a business owner holding a vacant storefront in California, this program provides the flexibility, speed, and protection to meet the moment.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for vacant single-family homes, small apartment buildings (up to 10 units), and commercial properties such as retail, office, and light industrial spaces that are less than 30% occupied.
Can this policy transition to Builder’s Risk coverage?
Yes, the program allows seamless transitions between Vacant Building Insurance and Builder’s Risk coverage when the property begins renovations or construction.
Is General Liability coverage included?
General Liability coverage is available as an add-on option in this program, depending on the needs of the insured and underwriting approval.
How long are the policy terms?
Policy terms are offered in flexible durations of 3, 6, or 12 months to suit different vacancy timelines.
In which states is this program available?
This program is offered in most US states, including CA, TX, NY, FL, IL, and many others. Availability may vary based on the specific risk and location.
Need help placing an account? Connect with a market specialist.