General Star Management Company is pleased to provide vacant building coverage for select risks through our Property Division. Coverage will be written by General Star Indemnity Company on a non-admitted basis through designated surplus lines brokers.

With the current state of the economy and the increased number of foreclosures, General Star would like to be your market of choice for low occupancy and vacant buildings.

Coverage Offered

• Special and Basic Forms
• Options available for 3 month, 6 month, annual policy periods
• Package policies available on vacant buildings with a catastrophic wind element

Risk Appetite

• Commercial & light industrial buildings closed or out of business, or partially occupied
• Builder’s Risks awaiting certificate of occupancy
• Habitational developments completed but not sold, or -partially occupied
• Foreclosed Property

Minimum Premium

• $17,500

Minimum Deductible

• $10,000
• Windstorm/Hail: 1/2% to 5% values at risk at the time of loss, depending on the location of the risk in coastal areas

Limits Available

• Up to $7,500,000 net

Submission Requirements

• Length of time the building has been vacant
• Future plans for the property
• Age of the building
• Security measures taken to protect the building