Vacant Homes

There are many reasons property might be vacant – including a home undergoing renovation, a seasonal home, a rental home between tenants or a home waiting for new owners to move in. Since vacant homes are at a higher risk, they need special coverage. American Modern will help you find the right policy to protect your customers during short-and long-term vacancies.

Vacant (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) with Vacant Permission

Comprehensive protection for homes in above average condition with short-term, occasional rental or seasonal occupancy.

 

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.