Specialty Homeowner

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Second Home Insurance

Specialty Homeowners Program

Our Specialty Homeowners program welcomes homes that need something more or different than what is offered in the standard market.

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Some houses, due to age, location or value, may not qualify for a standard homeowner policy. It may need to be insured up to limits far exceeding its actual value.

American Modern’s Specialty Homeowner program welcomes homes that do not fit the underwriting parameters of the standard market – without compromising coverage.

 

Policy feature

What it means

Policy overview

Protection

Named peril coverage means you are protected from loss caused by events included in the policy.

Settlement

We pay the actual cash value for a loss, but you can upgrade to replacement cost.  Your home is insure to its market value.

Residence description

Wide eligibility

•   One or two-family
•   Owner or seasonal occupancy
•   No age restriction
•   Average or better condition, showing proper maintenance

Included coverage

Personal liability

If a guest is injured in your home, or if you accidentally injure someone or damage property away from your home, you may be liable.  We offer several coverage limits.

Personal property

We protect your belongings for the actual cash value, but you can upgrade to replacement cost.

Other structures

We cover your shed, detached garage and fence.

Reasonable repairs

We reimburse reasonable expenses for repairs made to prevent additional damage, like covering a roof after a storm.

Additional living expense

If you need to move out during repairs we will cover those expenses outside of your normal budget.

Vandalism

Coverage for acts of malicious intent that damage your home.

Optional coverage

Enhanced coverage

Add protection for
•   Collapse
•   Freezing
•   Water (plumbing, heating, HVAC)
•   Power interruption
•   Earthquake

All coverages protect up to the stated policy limit.  For details on this product, talk to your agent. 
Program availability and coverages may vary by state. 

Specialty Homeowner

Need less coverage? Look at our Residential Fire program.