RISC Inc. offers a specialized Vacant Property Insurance program—Vacant Select—designed for both residential and commercial properties. This program provides agents and brokers with direct access to a web-based quoting, binding, and policy issuance platform, allowing you to deliver fast, accurate coverage solutions to your clients with vacant buildings.
Ideal Accounts and Appetite
RISC’s Vacant Property Insurance is an excellent fit for a wide range of vacant risks, whether due to renovations, property sales, tenant turnover, or seasonal use. The program accepts:
- Vacant single-family homes and multifamily dwellings
- Vacant commercial properties, including office, retail, and light industrial buildings
- Vacant condominium units, including Loss of Use coverage options
Whether your client recently inherited a property, owns a fix-and-flip investment, or manages a temporarily unoccupied commercial space, this program can provide flexible, tailored protection.
Coverage Highlights and Advantages
- Property limits up to $3,000,000 for residential or commercial buildings
- Liability limits up to $1M per occurrence / $2M aggregate
- DP1 (Basic) and DP3 (Special) form options
- Flexible term lengths: 3, 6, 9, or 12 months
- Deductible options starting at $500
- Instant rate indications, binders, and policy issuance from your own browser
- Backed by Lloyd’s paper, rated “A” (Excellent) by A.M. Best
- Highly competitive rates reviewed monthly
- Strong bind-to-quote ratio (40%) on the current program
- Generous commissions for appointed agents
Underwriting Notes and Minimum Premium
This program is designed for properties that are well-maintained and secured, even if temporarily unoccupied. Risks with significant deferred maintenance or in distressed condition may not qualify. The minimum premium starts at $1,500, with options that can scale to larger or more complex property schedules.
Territories and Availability
RISC’s Vacant Property Insurance is available in 48 states across the U.S., excluding Kentucky and Louisiana. Whether you write business in urban or rural areas, this program can support your vacant property needs nationwide.
Why Work With RISC Inc. on Vacant Property Business?
As a Managing General Agency with direct access to Lloyd’s markets, RISC Inc. offers streamlined technology, fast turnaround, and deep expertise in property risks. You’ll benefit from a simple quoting and binding process that saves time while providing comprehensive coverage options for a wide range of vacant property scenarios.
Call RISC Inc. today or visit their quoting portal to start placing your Vacant Property Insurance accounts with confidence.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for vacant residential homes, multifamily dwellings, commercial office or retail spaces, and condominiums that are temporarily unoccupied due to sale, renovation, or tenant turnover.
Is this program available in all states?
The program is available in 48 states, excluding Kentucky and Louisiana.
What are the coverage term options?
Coverage can be written for 3, 6, 9, or 12-month terms to match your client's needs and property status.
What is the minimum premium for this program?
The minimum premium starts at $1,500, with flexible options based on property type, location, and coverage limits.
Can I get instant quotes and binders?
Yes. RISC provides a browser-based platform that allows agents to generate instant indications and issue binders and policies directly from their office.
Need help placing an account? Connect with a market specialist.