Vacant Property Details

Although many insurance companies won’t cover a vacant home - perhaps because it is vulnerable to a break-in or to undetected water leak damage - American Modern® understands these kinds of risks.

Included coverage

Named peril protection – Your policy covers those causes of loss listed by name in your policy documents (fire, lighting, wind, hail, explosion, and others). It covers the essentials, but not everything. This kind of coverage is sometimes referred to as “basic form” coverage.

Actual cash value loss settlement – For a total or partial loss, we settle at the actual cash value (ACV) of the loss, which takes depreciation into account when settling your claim. If you want a bit more coverage, in many states we offer an upgrade to the full repair cost.

Term – We write 3-, 6- and 12-month policy terms. That gives you flexibility.

Pro-rated cancellation – When your house sells, or someone moves in, you can cancel the policy and get a refund for the balance of the policy term.

Plus these:

  • Reasonable expenses for emergency repairs, such as covering a roof after a storm
  • Other structures – your shed, detached garage and fence
  • Debris removal
  • Fire department service charge

 

Optional coverage

Premises liability – Add protection for your liability if an injury occurs to someone while on the premises.

Personal property – Add coverage for items such as furnishings, appliances, linens and the like, kept on-site.

Vandalism – Physical damage or defacement of the home is included with the comprehensive program, but optional for basic program.

Limited burglary – If a forced entry leaves signs of visible damage (for example broken window or jimmied door) we will cover the theft of personal items or permanently attached items such as a heat pump or even copper piping.

Builder’s risk – During a renovation, add coverage for the value of improvements, alterations or repairs.

 

Flexible payment options

Automate monthly installments with EZPay, or pay by check or credit card, either in full or in four payments.

Learn More

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