Pathpoint Inc. has launched a liability insurance policy for uninhabited buildings and land, San Francisco-based digital surplus and surplus brokerage said on Tuesday. lengths from three months up to one year.
Liability limits of $ 1 million per event, totaling $ 2 million total and $ 2,000 million personal and advertising limits are available.
Coverage applies to properties and land that are under renovation or are less than 30% occupied, Pathpoint said in a statement. Risks may be vacant for a longer period of time.
Buildings up to three storeys in height and up to 25,000 square meters, and those built as early as 1900 are eligible. Coastal and wind-exposed property will be considered, Pathpoint said.
Coverage is available in all 50 states, with particular focus on Alabama, Florida, Georgia, Maryland, Massachusetts, Minnesota, Ohio, Pennsylvania, Texas and Virginia. [1