DIVISION OF INSURANCE ISSUES BULLETIN REGARDING VACANCY PROVISIONS DURING PANDEMIC
On May 18, 2020, the Division of Insurance issued Bulletin 2020-17 to all property and casualty carriers concerning steps they must take to address vacancy provisions. In the bulletin, the division stated that it expects carriers to preserve insurance coverage during the COVID-19 pandemic and do the following:
- Take steps to be flexible with vacancy limitations in policies issued to nonessential businesses and/or those not currently allowed to operate under state orders and rules.
- To consider a property vacant, exclude days that a property is vacant due to state orders, provided that the property is secured according to the terms of coverage.
MA Bulletin 2020-17