Colonial General Insurance Agency

 

 

 

 

 

 

 

 

Foreclosure/Eviction Cleanup

  • Policy Highlights:

  • Property and Liability Coverages available on a monoline or package basis for foreclosure/eviction cleanup operations. Eligible risks prepare homes, condominiums, apartments and commercial buildings for sale or rental after the prior owner or tenant has vacated the premises due to foreclosure or eviction.
    Operations include removing belongings and trash, general cleaning, cosmetic repairs, wall painting, removal and/or installation of new carpeting, floor refinishing, and landscape maintenance.

  • CGL Coverage available:

  • • Primary limits up to $3 million occurrence/aggregate

  • • Excess or Umbrella limits up to $25 million

  • • Available at no additional charge:

  • – Lost Key Coverage—$25,000 limit

  • – Medical Payments Coverage—$5,000 limit

  • – Additional Interests—Blanket Coverage when required by contract, written agreement, or written permit for ongoing operations

  • – Primary and Noncontributory Wording—Applicable to additional insureds under CG 20 33

  • – Waiver of Subrogation—Blanket Coverage included per prior written agreement

  • – Per Project Aggregate

 

  • Property Coverage available:

  • • Accounts Receivable

  • • Basic, Broad, or Special Form

  • • Building

  • • Business Income

  • • Computer Equipment

  • • Contents

  • • Equipment Breakdown

  • • Inland Marine

  • • Outside Signs

  • • Replacement Cost or ACV

  • • Valuable Papers

  • Crime Coverage available:

  • • Inside the Premises—Theft of Money and Securities

  • • Inside the Premises—Robbery or Safe Burglary of Other Property

  • • Outside the Premises