Reinstating Comprehensive Coverage Without Additional Costs
Multi-Family Residential Portfolio • 6 properties, 1,000+ units • Midwest Region, USA
The client managed a portfolio of high-vacancy apartment buildings, some of which lacked critical coverage due to a vacancy exclusion clause. They were unaware that this exclusion left several properties exposed to significant risks.
Vacancy exclusions in existing policies removed protection for key perils
High-vacancy rates across the portfolio heightened exposure
No coverage for excluded causes of loss, including vandalism and water damage
Potential financial losses from uncovered claims
Our team conducted a portfolio-wide policy review and successfully restored full coverage for the impacted buildings.
Analyzed all existing policies to identify the vacancy exclusion and assess its impact on coverage.
Collaborated with underwriters to reinstate coverage for excluded causes of loss across all properties.
Ensured coverage was added back at no additional cost to the client.
The client’s portfolio was fully protected from excluded risks with no increase in premiums.
100%
Coverage Restoration
Reinstated coverage for vandalism, water damage, and other excluded perils
$0 additional premiums
Cost Savings
Achieved full coverage restoration at no added cost
Significant
Risk Mitigation
Reduced potential uncovered losses across the portfolio
Vacancy exclusions can be a hidden risk. Adding a vacancy provision endorsement to your policy can add back coverages that would not be available if missing.