Vacancy is a status, not a flaw
A building between tenants, a stalled sale or an estate in probate is ordinary business, and this market prices it that way.
VP
A building between tenants, mid-renovation, or sitting through a slow sale.
Cennairus is a licensed wholesale insurance broker: retail agents send us the accounts their own markets cannot place, stay the agent of record, and we take each account to the markets on our panel of 145 carriers that write it. Vacant property insurance covers a building a standard property form restricts once it is empty: between tenants, mid-renovation or through a slow sale. It answers the same core perils, fire and wind among them, but is written for extended vacancy instead of a 30-to-60-day limit. Cennairus shops it across the panel.
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A few fields — we shop it across the panel and come back with real terms. No obligation.
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A building between tenants, a stalled sale or an estate in probate is ordinary business, and this market prices it that way.
An empty building’s real risk is vandalism and theft of copper and fixtures, and a slower path to discovering a loss — not just fire.
An unoccupied building still owes a duty of care to trespassers, inspectors and the property next door.
Arranged to fit a closing, a move-out or a foreclosure timeline, so ownership can change hands with the building actually covered.
Placed with markets whose appetite starts exactly where the admitted form gives up.
Cover for a building between tenants and for one that will stay empty a while.
Buildings under active renovation, where vacancy and construction overlap.
Who buys it: owners between tenants on a commercial or retail space; investors and developers holding a property through a renovation; banks, servicers and receivers holding foreclosed property; estates and trusts managing a property through probate or a slow sale; owners of a building damaged and unoccupied while repairs are arranged; developers holding land or a structure ahead of a redevelopment project.
Rows of desks, no one at them. The liability and the loss exposure do not leave the building when the tenant does.
It is written specifically for extended vacancy, unlike a standard form’s 30-to-60-day limit, though every policy still states its own term and renewal expectations.
Yes, most forms are written to accommodate renovation in an unoccupied building; a project with a general contractor and an active crew may also need builders risk alongside it.
It is the most common one, particularly copper pipe, wiring and fixtures, followed by vandalism and slower discovery of any loss since no one is checking the property regularly.
The reason and expected length of the vacancy, the building’s condition and security (alarm, sprinklers, board-up status), and the last time it was occupied.
One appointment puts the whole panel behind your agency: every line we place, the programs, the producers who work the hard accounts, and your commission settled to your.
