- Multiple Properties Insurance
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Insurance for landlords with multiple rental properties
American Modern's Scheduled Rental Dwelling program simplifies insurance for a property portfolio with one policy, one payment, and one renewal date.
This commercial program is designed for a real estate investor looking to consolidate insurance coverage, eliminate coverage duplication, and simplify management.
- Ten or more rental or vacant dwellings
- Single family or up to 6-family dwelling, valued up to $1 million
- ACV [?]
Actual cash value
In the event of a total loss, the insurance company will establish a value for the damage. The standard settlement option, actual cash value (ACV) takes into account the depreciated value of your vehicle or property. This may not provide enough cash to replace the item with an equivalent.Keep in mind that the policy will pay up to the maximum value listed on the policy. or replacement cost [?]
Replacement cost
In the event of a total loss, the insurance company will establish a value for the damage. This is based on the kind of coverage you selected when you opened the policy. Replacement cost coverage is the most extensive coverage you can purchase. Its major advantage is that it avoids depreciation adjustments that apply to an actual cash value settlement, which can leave you without enough money to rebuild or replace your vehicle or property. Keep in mind that even though you may have replacement cost coverage, the policy will pay up to the maximum value listed on the policy. settlement - Coverage for building structure, business personal property, business income/rental value, scheduled equipment, crime, inland marine, earthquake
- Premises liability [?]
Liability
In property insurance,liability coverage protects you against claims for bodily injury to someone or damage to the property of someone resulting from your negligence, such as slip-and-fall. up to $1 million – $5 million via excess program - Flexible deductible [?]
Deductible
When a covered loss occurs, a defined portion of the loss is the responsibility of the policyholder.Depending on the policy type, the deductible can be either a set dollar amount or a percentage of the claim. Increasing or decreasing the deductible will alter the premium for your policy because it shifts the likelihood that a claim will be filed. from $500 to $10,000 - Co-insurance [?]
Coinsurance
In some property policies, it makes sense for the policy holder to absorb some percentage of the loss before the insurance policy begins to pay. Coinsurance is the division of that financial responsibility. When a loss occurs, the policy holder pays up to his percentage of the loss, and the insurance company pays the remainder, up to the policy limit. from 80 to 100 percent - Basic form, Broad form or Special form
Other rental property insurance options
- Landlords with rental mobile homes will want to look at our program just for mobile homes .
- Individual rental properties can be insured through our rental program. .
Call 866-884-6167 Monday through Friday, 8 a.m. to 8 p.m.
Talk to an agent
If you want a quote now, or have questions about our rental property program, call us at 866-884-6167.
Our hours are 8 a.m. to 8 p.m. Monday through Friday.
Flexible payment options
Option 1 -- start EZPay to automate your payments
Many customers want the convenience of monthly automated bill payments. With EZPay, a withdrawal is made from a bank account you specify, or charged to your credit card. We let you pick the date of the month for the payment (1 to 28). Once EZPay begins, we will stop mailing invoices.
Option 2 -- pay after we send you a bill
You either can pay in full at the time you start or renew the policy, or in many states we offer installments on a 4-Pay schedule – a quarter up-front with an installment due every 60 days. A service fee applies to each installment. Pay by personal check, credit card, or bank account transfer.
Some states place limits on the payment plan schedules we can offer or the service fee. To confirm, check with your agent or call Customer Care at 800-543-2644.
Call 866-884-6167 Monday through Friday, 8 a.m. to 8 p.m.
