Expertise. Solution. Service.
MAXIMUM offers a flexible and comprehensive Vacant Buildings Insurance program designed to help you place hard-to-insure commercial and residential properties. Whether your client owns a temporarily unoccupied building, a property under light renovation, or a partially leased structure, our program delivers tailored protection with competitive terms and deep underwriting expertise.
Ideal Accounts and Appetite
This program is built for a wide range of vacant property situations. Ideal risks include:
Example accounts might include a commercial retail space awaiting new tenants or a single-family rental undergoing cosmetic updates prior to leasing.
Coverage Highlights and Advantages
- • $3 million in protection classes 1–8
- • $1 million in protection classes 9–10
- • $1 million in coastal zones (excluding wind and hail)
• General liability: $1 million per occurrence / $2 million aggregate
• Excess general liability: Up to $5 million
• No general liability deductible
• Property deductible starting at $1,000
• Policy terms available for 3, 6, 9, or 12 months
• Ability to extend short-term policies by endorsement
• No restriction on length of vacancy
• Accommodates partially vacant buildings, units in vacant condominiums, and vacant leased spaces
• Risks up to 250,000 square feet and on up to 500 acres of land
• Access to value-added business solution vendors (HR services, tenant screening, ID theft protection, marketing support)
Underwriting Notes
- • Fire or otherwise damaged properties
- • Buildings not fully secured against unauthorized entry
- • Properties with structural renovations
- • Properties with evicted tenants in the past 60 days
- • Locations with planned demolition during or after the policy period
- • Swimming pools or active farmland (for general liability)
- • Properties located in AK, LA, or WV
Territories and Availability
MAXIMUM's Vacant Buildings program is available in most states, including AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WI, and WY. Coverage is offered on a non-admitted basis in most regions.
Why Work With MAXIMUM?
As a leading wholesale broker with deep experience in vacant property risks, MAXIMUM provides responsive service, flexible underwriting, and access to a wide range of markets. Our team understands the nuances of this class of business and can help you find a solution that protects your client while meeting their short-term or long-term needs.
We settle for nothing less than the best choices for our clients—and we put no limit on what we can do for your client's vacant building insurance needs.
Please reach out to us today by phone or email with any questions and to discuss how we can assist in this process.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include vacant residential or commercial buildings with property values up to $3 million, especially those not undergoing structural renovations.
Can you write properties that have been vacant for a long time?
Yes, there is no restriction on the length of vacancy under this program.
Are cosmetic renovations allowed?
Yes, properties undergoing non-structural renovations are eligible and preferred.
Is wind and hail coverage available in coastal zones?
No, wind and hail coverage is excluded for properties located in coastal zones.
What states are excluded from this program?
This program is not available in Alaska, Louisiana, or West Virginia.
Need help placing an account? Connect with a market specialist.