Rental Property

Many of your customers are looking for rental property coverage for a vacation home, investment property or a home they were unable to sell and need to rent. Standard homeowners policies may refuse claims if the carrier isn’t aware the property is being rented. American Modern offers flexible policies and expert advice to allow you to give your customers the guidance they need.

Dwelling Basic (DP-1)

Essential and flexible coverage for rental and seasonal homes.

 

Eligibility:

  • All occupancy types – rental, seasonal, vacant, owner-occupied
  • No restriction on the home’s age
  • Fair or better condition
  • Standalone, non-residential structures
  • Up to four-family construction

Popular Features:

  • Named peril protection
  • Actual cash value settlement
  • Coverage of standalone structures
  • Liability coverage

 Program details vary by state. Please consult the program manual for specifics.

Dwelling Special (DP-3)

Comprehensive protection for short-term and occasional rentals, as well as temporary vacancies.

 

Eligibility:

  • Rental or seasonal occupancy (owner occupancy available in some states, vacant occupancy available in AMsuite states)
  • Home up to 80 years of age (60 years in some states)
  • Roof up to 20 years of age
  • Above average condition or better
  • Single family structure up to a four-family
  • AMsuite only: Schedule up to 10 homes on one policy

Popular Features:

  • Covers short-term and occasional rentals
  • Covers temporary vacancies
  • Full replacement cost settlement
  • Personal property coverage
  • Loss of rent coverage
  • Prior claims acceptable

Program details vary by state. Please consult the program manual for specifics.

Landlord Dwelling

We offer two solutions that protect the interests of landlords.

 

Comprehensive coverage option for:

  • Homes up to 80 years of age (60 years in some states)
  • Roof updated withing the past 20 years
  • Above average or better condition
  • Up to a four-family structure

Flexible coverage option for:

  • Older homes (there’s no age limit on coverage)
  • Fair or better condition
  • Up to a four-family structure

Program details vary by state. Please consult the program manual for specifics.