Work with Clients Throughout Real Estate Transaction Cycle: Provide Vacant Property Insurance


While U.S. gross residential vacancy rates are declining, about 16 million homes are still vacant nationwide. These homes may be unoccupied and unfurnished as they wait to be sold, rented, or renovated. On the commercial side, the vacancy rate for office space is expected to reach nearly 20% in 2024, according to global commercial real estate services company CBRE.

Vacant properties are at greater risk for specific exposures such as theft, vandalism, fire, lightning, water damage, and third-party injuries. For example, vandals may break windows or spray-paint graffiti on the walls, requiring cleanup and restoration. Burst pipes or other plumbing issues can lead to water damage, which may not be immediately discovered. Trespassers may get injured on the vacant property, leading to liability claims.

The standard homeowners or commercial package policy would not be adequate to cover these risks for vacant properties. You can close the gap with Vacant Property coverage.

ISC’s Vacant Property Insurance Solution

ISC provides our broker partners with Vacant Property insurance for residential and commercial properties through our wholesale division. Eligible classes include single-family homes, apartments, condominiums, and commercial and mixed-use buildings.

We can provide Property coverage limits* for residential properties up to $3 million and for commercial properties up to $2 million. General Liability limits are available up to $1 million/$2 million.

Available coverage features include:

  • Theft of building materials, with a $10K sublimit available
  • Vandalism and malicious mischief
  • Swimming pool liability available
  • Policy term options: from 3 to 36 months
  • Additional insureds at no cost
  • Deductibles as low as $1,000

Our Vacant Property policy is available in all 50 states.

You can customize a policy and get a quote in minutes on our wholesale partner AuGold’s platform.


*Limits may vary by state.

**NOTE: The insuring agreement in a policy sets out the covered perils, assumed risks, and nature of coverage that the insurance company provides to its insured in exchange for the premiums paid. Thus, the terms and conditions of the policy will dictate whether coverage exists and the nature of any potential benefits.