Although the economy is improving, the real estate market is still glutted with vacant residential and commercial properties. These valuable, prime real estate assets need protection, creating revenue opportunities for carriers that possess the underwriting skill and loss control commitment to handle this challenging class.
Vacant property takes on a new look in 2011s battered commercial real estate (CRE) market. Forget your old notions of vacant property weedy overgrown lots, hazardous tumbledown buildings, polluted brownfields, even underperforming grayfields with a few remaining tenants fending off the vandals. Instead, picture high-quality structures equipped with state-of-the-art...
Underwriting and risk engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of vacant and idle properties.
Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.
Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.
Underwriting and risk-engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
Underwriting and risk-engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
Retail property and casualty agents nationwide are adapting to the new realities of "For Rent" signs on shop windows and foreclosure notices on home lawns.
For a broker like Burns & Wilcox, which has Lloyd's underwriting and binding authority for vacant property policies, the five-hour or more time difference between agent and market is no barrier to good service.
For a broker like Burns & Wilcox, which has Lloyd's underwriting and binding authority for vacant property policies, the five-hour or more time difference between agent and market is no barrier to good service.