Dwelling Basic

Offer up to 10 discounts, plus flexible coverage, to customers who just need the basics.

Some homes may not be eligible for full coverage, and sometimes a customer may request just the basics. This product helps you cover most occupancies – a full-time home, rental property, seasonal home, vacant property, and even non-residential structures. The flexible format makes it easy to insure the building and protect a customer from loss.

Discounts help customers save

Property coverage has up to ten available discounts, making it pretty easy for you to save a customer 20 percent or more:

  • Approved association membership – 5%
  • Auto policy with agent – 5%
  • Multiple policies with American Modern – 5%
  • No claim in past 3 years – varies
  • Paperless documents – 1%
  • Paying in full – 5%
  • Central station fire / smoke alarm – 5%*
  • Central station burglar alarm – 5%*
  • Local smoke and / or burglar alarm – 2%*
  • Deadbolt, smoke alarm, fire extinguisher – 2%*

* up to 10% total / not available for vacant property

Options offer customers added protection

  • Add water damage coverage to a home ($10,000 limit with $5,000 mold limit).
  • Add burglary and vandalism coverage.
  • Premises liability coverage protects both the landlord and the property manager. For rental property covered by premises liability, you can add landlord personal injury coverage for circumstances such as a wrongful eviction complaint.

AMsuite™ makes your work easier

  • C.L.U.E. reports and MSB valuation data are automatically imported making the quotes more accurate and easier to complete.
  • Customer data already in the system auto populates fields in a new quote, eliminating duplicate work.
  • Customers can electronically sign required forms, saving you the hassle of chasing and filing paper documents.

 Occupancy types• Owner – O
• Seasonal – S
• Standalone, non-residence structures – N
• Rental – R
• Vacant – V
 Property description• Up to four-family
• Up to three-stories
• No age restriction
• Fair condition and better
• Row or town homes
• Schedule up to 10 homes on one policy
 Value range• $5,000 min. – S V N
• $20,000 min. – O R
• $300,000 max. – O R S N
• $1M max. – V
There will be some state variation but this is the standard
 Insured for• Market value
 Protection classes• 1 to 10
 Coverage• Named peril for dwelling, other structures and personal property (Named perils same as those on 2014 ISO DP-1 form)
 Deductible• $500 default
• Optional $1,000, $2,500, $5,000
Separate deductibles may apply in some states for coverage such as wind/hail.
 Loss settlement• Actual cash value for dwelling and other structures / full repair cost is an upgrade
• Actual cash value for personal property
 Included coverage• Other structures – 10% Coverage A
(does not reduce Coverage A)
• Reasonable repairs
• Debris removal
• Additional living expenses / Fair rental value
– 10% Coverage A (a combined coverage)
• Fire department surcharge – $500
 Optional coverage• Personal liability – O – $25,000 to $500,000
• Premises liability – R S V – $25,000 to
$500,000 (covers a property manager / can
add landlord personal injury if a rental)
• Personal property – O R S V
• Vandalism
• Burglary
• Theft with resulting vandalism
– O – $10,000 limit
• Water damage – O R S – $10,000 sublimit,
$5,000 limit for mold and remediation
• Short term rental – R
• Occasional rental – O S
• Identity recovery – O S
• Builder’s risk – V
• Home equipment breakdown protection
• Service line – $10,000 limit ($500 deductible)
 Discounts For O R S:
• Central station fire / smoke alarm – 5%*
• Central station burglar alarm – 5%*
• Local smoke and /or burglar alarm – 2%*
• Deadbolt, smoke alarm, fire extinguisher – 2%*
*up to 10% total
For O R S V N:
• Approved association membership – 5%
• Auto policy with agent – 5%
• Multiple policies with American Modern – 5%
• No claim in past 3 years – varies
• Paperless documents – 1%
• Paying in full – 5%
 Payment options• Full pay
• Monthly, EFT only
• 2-Pay, billed or EFT
• 4-Pay, billed or EFT
• 6-Pay, billed or EFT

Capital letters following a coverage or description show any restriction on the eligible occupancy types