Colonial Insurance Agency - Independent Insurance Agency, Germantown, Wisconsin

germantown insurance company

What happens to your insurance coverage when your building becomes vacant or unoccupied (idle)?

Most insureds are not aware of the restrictions in their property insurance when a building is unoccupied or vacant.

One of the more common coverage forms includes this provision:

Vacancy

When this policy is issued to the owner or general lessee of a building, building means the entire building. Such building is vacant unless at least 31% of its total square footage is:

Rented to a lessee or sub-lessee and used by the lessee or sub-lessee to conduct its customary operations: and/or

Used by the building owner to conduct customary operations.

When a building has been vacant for more than 60 consecutive days before a loss or damage occurs, there is NO COVERAGE for vandalism, sprinkler... http://go-travel.ucoz.com/news/germantown_insurance_company/2013-06-25-4197