Seasonal Home Insurance

Two easy solutions for hard-to-place vacation or seasonal homes.

Have a customer who needs coverage for a seasonal or vacation home? American Modern offers two easy solutions. You’ll find a comprehensive program with replacement cost coverage, and a more flexible program that welcomes an even broader range of homes. Both are great options for insuring a home away from home – even in protection classes 8, 9 and 10.

Option 1 – Comprehensive coverage

DP-3 coverage, sometimes referred to as “special form,” approximates what is offered by a homeowners (HO-3) policy. Liability protection is optional.

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

Comprehensive coverage – Any cause of loss is allowed except those specifically excluded in the policy documents.
Replacement cost settlement – Losses are settled at the replacement cost, up to the policy limit. There is no depreciation deduction.

Option 2 – Flexible coverage

The most flexibility in terms of coverage and eligibility is offered by a DP-1 policy, also called a “basic form.” Liability protection and other coverages are optional.

  • No age limit on the structure
  • Fair or better condition
  • Up to a four-family structure

Named peril coverage – The policy covers those causes of loss listed by name in the policy documents (fire, lightning, wind, hail, explosion, and others). It covers the essentials, but not everything.
Actual cash value settlement – Losses are settled for the actual cash value (ACV), which takes depreciation into account. In many states we offer upgrades to full repair cost coverage or replacement cost coverage..

Seasonal Home Policy Highlights

Included CoverageAdditional coverage
• Reasonable expenses for emergency repairs such as covering a roof after a storm
• Other structures on the property
• Debris removal
• Fire department service charge
Additional coverage for DP-3 only
• Collapse
• Water and mold
• Improvements and alterations
• Trees, shrubs, lawn
• Vandalism
Optional CoverageOccasional rental permission – This option covers a seasonal home that is rented to others for a short period of time when not in use.
Premises liability – Add protection for liability if an injury occurs to someone while on the premises.
Personal property – Add coverage for items such as furnishings, appliances, linens and the like, owned by the landlord and kept in the rental property.
Breakdown protection – Widen the policy’s scope to include the repair or replacement of major appliances, HVAC and electronics due to mechanical or electrical failure.
Vandalism – Physical damage or defacement of the home is included with the DP-3 program, but optional for DP-1.
Limited burglary – If a forced entry leaves signs of visible damage (for example a broken window or jimmied door) we will cover the theft of personal items or permanently attached items such as a heat pump or even copper piping.
Payment OptionsEZPay – Pay through automated monthly installments via credit card or bank account.
4-Pay – Pay a quarter up-front with an installment due every 60 days.
Full Pay – Pay when coverage begins or on renewal.