Overview of the Vacant Dwelling Insurance Program from Jacobs & Associates
Jacobs & Associates offers a specialized Vacant Dwelling Insurance program designed for residential and commercial buildings that are temporarily unoccupied. Whether your client owns a vacant home awaiting sale or a commercial property under renovation, this program provides flexible coverage options to meet their unique needs. As an Excess & Surplus Lines Broker, Jacobs & Associates gives agents access to a range of markets through non-admitted carriers, helping you place challenging risks with confidence.
Eligible Classes:
- Vacant dwellings with or without renovations
- Vacant commercial buildings with or without renovations
- Builders risk – both residential and commercial
Coverage Highlights and Advantages:
Jacobs & Associates uses ISO coverage forms to ensure comprehensive protection for your clients’ vacant properties. Key forms include:
- Building & Personal Property – CP0010
- Builders Risk – CP0020
- Condo Unit Owners – CP0018
Additional features include:
- Basic Causes of Loss Form – ISO CP1010
- Premises Liability Coverage – ISO CG0001
- No coverage for theft or water damage
Policy Terms:
- 3, 6, or 12-month terms available
- Quarterly payment options on 12-month policies
Deductibles:
- Property (no renovations): $250 per occurrence
- Property (with renovations): $500 per occurrence
- Liability: $250 per occurrence
Minimum Retained Premiums:
- Annual Policy: 25% or $100 (whichever is greater)
- Six-Month Policy: 50% or $100 (whichever is greater)
- Three-Month Policy: 25% or $100 (whichever is greater)
Territories and Availability:
This Vacant Dwelling Insurance program is currently available to agents and brokers placing risks in Ohio (OH).
Why Work With Jacobs & Associates?
As a trusted Excess & Surplus Lines Broker, Jacobs & Associates has access to a broad range of markets and can help you place difficult-to-insure vacant properties. Whether you're working with a homeowner waiting to sell or a commercial investor renovating an office building, Jacobs & Associates offers flexible terms, clear underwriting guidelines, and helpful service to support your business.
You might have a client with a vacant duplex undergoing minor renovations before sale, or a commercial developer with a retail space awaiting a new tenant. This program can help you cover both scenarios effectively.
Learn more about Jacobs & Associates on their CompleteMarkets profile.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include vacant residential homes, commercial buildings under renovation, and properties requiring builders risk coverage for short durations.
Is this program available outside of Ohio?
Currently, Jacobs & Associates offers this Vacant Dwelling Insurance program exclusively in Ohio.
Are theft and water damage covered under this policy?
No, this program does not provide coverage for theft or water damage.
Can I get coverage for a property undergoing renovations?
Yes, both residential and commercial properties with or without renovations are eligible under this program.
What are the available policy terms?
Policies can be written for 3, 6, or 12 months, with quarterly installments available on 12-month terms.
Need help placing an account? Connect with a market specialist.