https://completemarkets.com/company/allstar/Vacant-Building-Insurance/
Overview — Vacant Building Insurance from Allstar Financial Group
Allstar Underwriters offers a Vacant Building Insurance program through Allstar Financial Group designed for agents and brokers placing vacant or unoccupied properties. Vacant buildings carry elevated property and liability exposures — vandalism, fire, intruders and hidden hazards — and this program combines property, casualty and umbrella solutions to close those protection gaps quickly.
Ideal Accounts and Appetite
This program targets a broad set of vacant property exposures, including:
Contractors (short-term vacancy during construction or between tenants)
Habitational properties (vacant apartments, multifamily awaiting renovation)
Office buildings and retail locations
Wholesale, institutional, and other commercial vacancies
Typical fits are buildings with clear vacancy plans, reasonable physical protection (fencing, boarded openings, periodic inspections) and values within the program limits. Accounts with ongoing renovation, active work by insured contractors, or those requiring project-specific wording can often be accommodated. Higher-hazard occupancies, long-term derelict properties without risk management, or properties with a history of frequent claims may fall outside appetite.
Property Coverage Highlights
TIV up to $5 million per location
Monoline or packaged solutions
No-coininsurance options available (varies by risk)
Optional coverage enhancements
Equipment breakdown available
Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional
Casualty Coverage Highlights
Monoline or package casualty available
Minimum premium starting at $500 (subject to underwriting)
Primary limits up to $5M / $5M
Project-specific policies available
Uninsured subcontractor coverage where appropriate
Optional endorsements and enhancements such as:
Blanket additional insured
Waiver of subrogation
Primary and non-contributory wording
Per project / per location aggregate
Hired & non-owned autos (certain classes)
Miscellaneous professional liability (certain classes)
Risk types: Contractors, Habitational, Offices, Vacancies, Retail, Wholesale, Institutional
Umbrella Coverage Highlights
Limits available up to $5 million
Minimum premium starting at $750 (subject to underwriting)
Available as supported or unsupported umbrella
Underwriting Notes and Minimums
Underlying requirement examples:
AM Best A-VI or better for auto or general liability
AM Best B++ or better for employers liability
Typical GL limits: $1M / $2M / $2M
Minimum premiums and terms vary by state, risk class and coverages requested. Property TIV, protective measures, occupancy history and active risk management are key factors in pricing and eligibility.
Carriers: multiple markets participate; program is administered as an MGA / E&S broker offering flexible placement options.
Territories and Admission Status
Availability: Most Available States. Currently available in: AL, GA, LA, MS, NC, SC, TN, VA. The program is offered through excess & surplus lines placement when required; admitted availability may vary by state and carrier.
Why Work With Allstar Financial Group on Vacant Building Business
Allstar’s vacant building program is designed for speed and flexibility. Underwriters are experienced with vacancy exposures and can tailor property, casualty and umbrella combinations — including project-specific wording — to suit transitional or between-tenant scenarios. Multiple carrier relationships increase placement options for harder-to-place accounts and the program’s endorsement choices (additional insureds, waiver of subrogation, per-project aggregates) help manage contractual requirements for contractors and owners.
Examples of Good Fits
A regional property manager with a 3-story vacant retail building undergoing planned renovation and with boarded openings and monthly inspections — needs property and GL with builder’s risk and equipment breakdown options.
A contractor controlling a vacant storefront between tenants that requires project-specific primary/non-contributory GL and hired/non-owned auto coverage for subcontractors on site.
Submission Guidance
Submit a completed application, recent photos of the property, TIV and occupancy status, loss history and details of any risk mitigation (security, boarding, inspections).
Disclose active construction, contractor exposure and projected timelines — project-specific wording may be needed.
Underwriters will evaluate vacancy period, protection measures and repair/rehab plans when placing coverage and calculating rates.
Frequently Asked Questions
What types of vacant properties are a good fit for this program?Buildings with a clear vacancy plan, reasonable physical protection (boarded openings, fencing, inspections), TIV up to $5M per location, and occupancies such as contractors, habitational, office, retail, wholesale and institutional uses are generally a good fit.
What are the minimum premiums and available limits?Minimum premiums vary by coverage: casualty typically starts around $500 and umbrella around $750, subject to underwriting. Property, casualty and umbrella limits are available up to $5M depending on the line and risk.
What underwriting information does Allstar require on submissions?Provide a completed application, recent property photos, TIV, vacancy duration, loss history, and any risk mitigation details (security, inspections, repairs). Disclose active construction or contractor activity so project wording can be considered.
Which states and placement options are available?The program is available in most states and is currently offered in AL, GA, LA, MS, NC, SC, TN and VA. Placement may be through admitted or E&S markets depending on state and carrier requirements.
Need help placing an account? Connect with a market specialist.