Does the ISO Vacancy Permit form CP 04 50 07 1988 give back all the coverages (vandalism, sprinkler leakage, unless you have protected the system against freezing, building glass breakage, water damage, theft, attempted theft), or is it only providing coverage for vandalism and sprinkler leakage?
New Hampshire Subscriber
The vacancy permit extends the period of time that a building can be vacant and still be covered under the policy. There should be a period of time for this vacancy permit to be in effect. In the endorsement you provided, there is no period of time indicated, so it will be in effect for the policy period. In effect, this is giving the insured coverage without a vacancy penalty for this building.
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