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Insurance Program Managers Group (IPMG)
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Insurance Program Managers Group (IPMG)
Contact Us
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Vacant Building Insurance

Vacant Building Insurance

IPMG offers a flexible and reliable solution for agents and brokers seeking coverage for vacant properties. Whether your client owns a residential property awaiting renovation or a commercial building between tenants, our Vacant Building Insurance program provides the protection needed to manage these unique exposures.

Overview of the Program From IPMG

IPMG (Insurance Program Managers Group) brings specialized markets for hard-to-place risks like vacant buildings. With access to A-rated non-admitted carriers, we help agents secure quality protection for property owners who may not qualify for standard insurance due to vacancy status. We offer responsive service and underwriting expertise for vacant risks in select states.

Ideal Accounts and Appetite

Our program is designed for a wide range of vacant properties, including:
  • Residential dwellings between tenants or undergoing minor renovations
  • Commercial buildings temporarily unoccupied but maintained
  • Properties awaiting sale or redevelopment
We can consider risks with responsible ownership and a clear plan for occupancy or sale. Properties undergoing major structural changes or with severe deferred maintenance may not qualify.

Coverage Highlights and Advantages

We offer comprehensive options, including:
  • Property coverage with Replacement Cost or Actual Cash Value, depending on eligibility
  • Special Form available on qualified risks
  • General Liability coverage to protect against third-party claims
  • Builder’s Risk coverage when applicable
  • Various deductible options to fit your client’s budget
There are no Total Insured Value (TIV) restrictions, allowing flexibility for small to mid-size vacant buildings.

Underwriting Notes and Minimum Premiums

Minimum premiums range from $500 to $750 per line of coverage, depending on the risk profile. We write on non-admitted paper through A-rated carriers, giving us more flexibility in underwriting and pricing. We aim for quick turnaround and competitive terms on qualified submissions.

Territories and Availability

This program is currently available in the following states:
  • Florida (FL)
  • Illinois (IL)
  • Missouri (MO)
  • Indiana (IN)
  • Iowa (IA)
If you operate in one of these states and have a vacant property risk that doesn’t fit the standard market, we encourage you to reach out.

Why Work With IPMG on Vacant Building Risks?

IPMG has a strong reputation for delivering flexible programs backed by experienced underwriting and top-tier carrier access. We understand the challenges agents face when placing vacant property coverage and provide the tools to help you serve your insureds efficiently. Our team is committed to helping you find the right fit for your clients—whether they own a vacant retail storefront or a single-family rental between tenants.

Contact IPMG today for all your Vacant Building Insurance needs.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for residential and commercial buildings that are temporarily vacant due to tenant turnover, pending sale, or light renovations.

Can I submit a property that is undergoing renovations?

Yes, properties with minor or cosmetic renovations are eligible. For major structural changes, builder’s risk coverage may be more appropriate and subject to underwriting.

Is there a limit on the building value or TIV?

No, there are no Total Insured Value (TIV) restrictions. We can accommodate a wide range of property values based on underwriting review.

What states is this program available in?

We currently offer this vacant building insurance program in Florida, Illinois, Missouri, Indiana, and Iowa.

What kind of carriers are used for this program?

We work with A-rated non-admitted carriers to provide flexible, high-quality options for vacant property risks.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    0
  • Admitted:
    0
  • Carriers:
  • Carrier Ratings:
    A
  • Commission:
    Usually 10%
  • Min Premium:
    $500-$750

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CONTACT INFORMATION

LOCATION

225 Smith Rd
St. Charles, IL 60174
888-377-5845
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Insurance Program Managers Group (IPMG) has other insurance programs like Animal Handlers Insurance.