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 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 or 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

Seperate 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 restrictions on the eligible occupancy types.