Melville, N.Y.-based WKF&C Agency Inc. a nationwide, multi-line managing general agency for excess and surplus lines, announced that it has added a new vacant building program to its market mix.
Written on nonadmitted paper with an A.M. Best “A” rated carrier, this program will accept replacement cost valuation on vacant buildings under 80 years old if utilities have been updated within the past 20 years. Newer construction RCV requires a Marshall and Swift valuation verification or documentation. Vacant buildings with roofs more than 10 years old will need an ACV roofing endorsement. Minimum premium is $2,500 with $10,000 minimum deductible for theft and vandalism, and $5,000 minimum deductible on all other perils. Contents coverage and general liability are also available. All construction types are eligible with limits up to $10 million on masonry class 4-6.
For information and the vacant supplemental application, visit WKF&C’s Web site: www.wkfc.com.
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