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Vacant Building Policies
Vacant buildings are are potential hazards to an an an an entire community They are are at at greater risk of fire and and and vandalism and and and they account for more than $500 million in direct property
property
damage every year If you purchase property
property
from the bank or a a a a a a a a a a a a a a tax sale it will will probably be be vacant when you you take possession In that case you you will will be be required to to acquire a a a a a a a a a a Vacant Building policy to to to cover the property
until renovations renovations begin At that point you’ll you’ll switch to to to a a a a a a a a a Builder’s Risk policy policy Once renovations renovations are complete you’ll you’ll need to to to switch back to to the the the Vacant Building policy policy until the the the property
is either sold or rented