Eligible Classes:
- vacant dwellings with or without renovations
- vacant commercial buildings with or without renovations
- builders risk – both dwellings and commercial
Policy Terms:
- 3, 6 or 12 month terms
- Quarterly installments available on 12 month policies
Coverage:
ISO coverage forms:
- building & personal property – CP0010
- builders risk – CP0020
- condo unit owners – CP0018
Basic Causes of Loss Form – ISO CP1010
Premises Liability Coverage – ISO CG0001
NO coverage for theft or water.-
Deductibles:
- property: $250.00 per occurrence (no renovations)
- property: $500.00 per occurrence (with renovations)
- liability: $250.00 per occurrence (with or without renovations)
Minimum Retained Premiums:
- annual policy: 25% or $100.00 whichever is greater
- six month policy: 50% or $100.00 whichever is greater
- three month policy: 25% or $100.00 whichever is greater