What is Considered a Vacant Building or Vacant Land? [Vacant Property Insurance Explained]

What exactly classifies as a vacant building when you're insuring vacant property? It comes down to the percentage of vacancy in the building. If it's 60 to 100% vacant, it will likely be eligible for vacant property insurance by most carriers.

Vacant land is defined as land with no development, no infrastructure, no existing occupied buildings, no events held on the property and no operations being conducted, contemplated or completed on the land.

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CID Insurance Programs is an E&S Wholesaler specializing in commercial insurance products designed for independent and captive insurance brokers’ business client’s needs.

Our wholesale business insurance products encompass a broad range of preferred to manageable hard-to-place risks. CID Insurance has developed strong relationships with both admitted and non-admitted markets. Our commitment is to make the quote and bind process fast and easy for our retail insurance brokers.