Out of use comes with greater risks. Protect vacant properties with a top-notch insurance program team dedicated to this space.
Vacant Property Program
We have your vacant properties covered.
The specialty property team at Breckenridge Insurance has extensive experience in covering vacant properties nationwide and has partnered with a A.M. Best A+ (Superior) carrier to cover all your insureds needs.
Retail Agents: Don’t see a fit for your risk in this program?
Check out our brokerage options here.
- A.M. Best A+ (Superior)
- Experienced Property Underwriting Team
- Available to help you grow your property E&S book.
- Timely response delivered to agent requests and submissions.
Target Classes:
- All types of vacant buildings
- Will work to offer some type of solution through the use of coverages, terms, rates, and limits
- Builders Risk policies that are not being extended
- Partial occupancy, minor renovations
Ineligible
- Windstorm and hail exposures in tier 1 or tier 2 counties
- Severe brush fire exposures
- No TIV restrictions
- No co-insurance with adequate insurance to value
- Flexibility to modify the coverage
- Limits: Primary, Excess and Full
- ACV (Actual Cash Value)
- RCV (Replacement Cost Value)
- Can offer sublimits for theft, vandalism, water, and sprinkler leakage with the right protections
- ACORD form:
- ACORD property application
- Vacant building application, if applicable
- Statement of values
- For multiple locations: breakdown of values per building
- Loss runs:
- Minimum of three years of hard-copy loss runs
- No loss letter signed by insured if a new purchase
Features
- A.M. Best A+ (Superior)
- Experienced Property Underwriting Team
- Available to help you grow your property E&S book.
- Timely response delivered to agent requests and submissions.
Classes
Target Classes:
- All types of vacant buildings
- Will work to offer some type of solution through the use of coverages, terms, rates, and limits
- Builders Risk policies that are not being extended
- Partial occupancy, minor renovations
Ineligible
- Windstorm and hail exposures in tier 1 or tier 2 counties
- Severe brush fire exposures
Coverages
- No TIV restrictions
- No co-insurance with adequate insurance to value
- Flexibility to modify the coverage
- Limits: Primary, Excess and Full
- ACV (Actual Cash Value)
- RCV (Replacement Cost Value)
- Can offer sublimits for theft, vandalism, water, and sprinkler leakage with the right protections
Submission Criteria
- ACORD form:
- ACORD property application
- Vacant building application, if applicable
- Statement of values
- For multiple locations: breakdown of values per building
- Loss runs:
- Minimum of three years of hard-copy loss runs
- No loss letter signed by insured if a new purchase
Contacts
Michael G. Marks, ARM, ASLI
SVP, Program Director
Richmond, VA
Specialty Property Program
Office: 804.459.8083
Cell: 770.315.5213
Robert Twigg, CLCS, AINS, API, AFIS
Senior Property Underwriter
Cumberland, MD
Specialty Property Program
Office: (678) 748-3325
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
From The Blog
Vacant Property was last modified: May 6th, 2025 by