Before providing Vacant Building coverage, a carrier may require that certain protections be in place. For example, it may ask the insured to warrant that the building has a central burglar alarm and that it is working.
Another common policy addition is the Secured Building Warranty, which guarantees that all the doors are locked, all the windows are secured or boarded up, and all possible openings are covered.
One insurer required that the building in question be completely wrapped in plastic wrap or they wouldn't insure it, recalls Mac Henderson, president of K&M Henderson Insurance Services Inc. of Granite Bay, Calif.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.