5 Things Commercial Property Owners Need to Know About Insuring Vacant Property

Posted by John Cofini on Mon, Mar 29, 2021 @ 04:31 PM

Like so many other sectors of the economy, the commercial real estate market has taken a beating since the COVID pandemic began more than a year ago. Between the widespread retail shutdowns and millions more people working from home, the demand for space has plummeted, leaving more vacant properties than ever.

Read More

Tags: vacant property, insuring vacant property

Three Big Vacant Property Insurance Mistakes

Posted by John Cofini on Mon, Oct 29, 2018 @ 09:00 AM

If you own vacant property, whether it’s a private home or a commercial building, you know it’s an asset that comes with many hazards – and a lot of stress.

Read More

Tags: vacant property, vacant property insurance

New York vacant property risks: Ticking time bombs

Posted by John Cofini on Tue, Oct 07, 2014 @ 03:23 PM

Since the 1970s, scenes of urban decline have become more and more familiar. Most of the major Rust-Belt cities have seen almost half of their populations migrate to surrounding suburbs and beyond. Cities such as Detroit, Cleveland, Buffalo, and Pittsburgh have lost more than 40 percent of their populations over the last four decades.

Read More

Tags: vacant property, vacant property risks, vacant property management, commercial property insurance