Vacant Building GL Question

[iiinycboi]

do you exclude products/completed operations aggregate for a vacant building?

the building and business owner is the same person. they used to sell furniture there now it is vacant for 7 years, do you include products/completed operations aggregate ?

 

[Guest]

A vacant building has alot less coverages, there is no need for what you are asking. A vacant policy has less coverages, but cost more due to the MM&V coverages.

 

[Sales71]

Well the cost on insurance would be high since vacant. Also vandalism coverage is a must. I think you can offset the premium with high deductible. Some would let you go up to $10k or higher. This type of risk is not a preferred policy so he would have to pay more.

 

[OCinsurance]

It depends on the carrier for the offerings. You may also see a designated premises limitation. With whom are you quoting it?