Can a building that has been burned be insured for liability only?

Answer

Yes, you can purchase a "monoline" Commercial General Liability policy for a vacant lot if the building has been burned to the ground. If the building is only partially damaged or a significant amount of debris remains at the site, you may have difficulty finding coverage because the undamaged portion of the building may present a hazard insurers would be reluctant to cover.

Answer

Hi, Yes, a building that has been burned can be insured for liability. However, if the insurer feels that the 'quality' of the burned building has a high chance for creating liabilities the premium is bound to be very high.

• What is the price of niobium per tonne?
• Which insurance companies cover non-emergency transportation for transportation providers?
• What impact has marketing on the growth and development of insurance business in Nigeria?