When Market Disruptions Create Challenges
When the market presents a problem, Dwelling Basic is still your perfect solution.
It’s a lovely home, but some issue (condition? occupancy? value?) is keeping it from full coverage. And market disruptions don’t make it any easier for your clients. When residential risks suddenly become harder to place, you can find a home with American Modern.
Let us help you with your basic dwelling needs:
The Dwelling Basic program is designed to meet the needs of the dwelling owner that has a rental, seasonal, vacant, vacant with renovations and owner occupied.
Vacant dwellings may be temporarily vacant due to one of the following conditions: renovation or remodeling, between tenancy or real estate closings, dwellings held for sale and on the market. Eligible risks are dwellings and manufactured homes. Also available for coverage is a stand-alone other structure. The Dwelling Basic Structure Endorsement is used for structures that are not dwellings. Examples include pole barns, camping structures, casitas and covered boat slips. The policy term is 12 months and the loss settlement is the actual cash value.
The minimum dwelling limit is $10,000 on owner and rental occupancy and $5,000 on seasonal, vacant and not residence occupancy. There is no age limit on dwellings and multi-family up to 4 families are available.