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.

Program Available in all 50 states
 Download Sell Sheet

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

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)
  • 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

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)
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 Marks
Michael G. Marks, ARM, ASLI

SVP, Program Director

Richmond, VA

Specialty Property Program

Office: 804.459.8083

Cell: 770.315.5213

moc.sikcerb@skramm

Peter Friend

Senior Underwriter

Lansdale, PA

Specialty Property Program

Cell: 215.431.9959

moc.sikcerb@dneirfp

Sam Frihart

Commercial Property Underwriter

Atlanta, GA

Specialty Property Program

Cell: 678.269.4808

moc.sikcerb@trahirfs

“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: September 7th, 2022 by Adam Rawlings