Vacant Building Coverages
One recent study by Yelp found that almost 800 small businesses a day are closing across the country. If the commercial property owners are unable rent out the property quickly after it's vacated, there is increased exposure for a loss and they may be required to purchase Vacant or Unoccupied Building Coverage.

We have partnered with PHLY E&S to offer Vacant Building Coverage to select commercial real estate exposures.
TARGET RISKS
  • New construction awaiting a certificate of occupancy
  • New property acquisitions
  • Real estate development property
  • Businesses that are temporarily closed
  • Properties available for lease, not yet occupied
  • Buildings listed for sale
  • Buildings awaiting renovation
  • Vacant land
UNACCEPTABLE EXPOSURES
  • Condemned buildings
  • Buildings intended for demolition
  • Risks in bankruptcy, receivership or with unpaid taxes/ liens
  • Existing or unrepaired damage (fire, smoke, water, etc)
  • Urban vacant lots
COVERAGES AVAILABLE
  • Commercial Package (Property & General Liability) – can also be written as monoline Property or Liability
  • $1M/ $2M General Liability Limits
  • No GL deductible
  • Property capacity up to $20M TIV per risk**
  • Special Form and Replacement Cost available (depending on risk characteristics)
  • Short term policies available (3, 6, 9 months)
  • Can consider minor renovations (such as tenant build-outs)
  • Excess Limits available

RISK MANAGEMENT SERVICES
NEW PHYLSENSE SENSOR SYSTEM

For policyholders with Property Coverage, PHLY is offering you a no-cost, early warning sensor system that detects water and monitors room temperature. Your complimentary system features:

  • All PHLY policyholders with Property Coverage are eligible for PHLYSENSE, an early warning sensor system that detects water and monitors room temperature
  • This is available at no cost to our insureds
  • Sensors designed to monitor room temperature and detect water through a cellular network, no Wi-Fi needed
  • Alerts sent through SMS text, email, and/ or phone call
  • 24/7 monitoring by a staffed support center  
QUESTIONS?

Ariana Ramos
SVP | Business Development
(phone) 617-614-1216
(fax) 617-243-7516

Telamon is an experienced Broker with strong carrier relationships throughout the US. We have broad access to both admitted and non-admitted markets and are dedicated to finding your clients coverage- no matter the risk.
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