American Modern Specializes In Property, Collector Car, Boat & Motorcycle Insurance.
American Modern is a great fit for hard to place risk such as Rental, Multiple Properties, Seasonal, Vacant, Owner Occupied, Mobile Home and Non Residental property insurance.
Rental property insurance for landlords
Most people understand property insurance by comparing it to the policy they have for their home, which offers very wide coverage. However, a rental policy does not qualify for a true homeowners policy. Most agents will direct you to a rental property policy.
American Modern gives landlords two options to insure rental property. The insurance terms for rental property coverage are DP-3 [?]
DP stands for Dwelling Property, a class of coverage for housing insurance created by the Insurance Standards Organization.The number is a designation for one of several standard DP packages.DP-3 offers comprehensive coverage for rental and seasonal occupancy classes.The coverage is similar to a standard homeowners policy. and DP-1 [?]
DP stands for Dwelling Property, a class of coverage for housing insurance created by the Insurance Standards Organization. The number is a designation for one of several standard DP packages.DP-1 offers named peril coverage for owner, rental, seasonal, and vacant occupancy classes. They each have different requirements for the property's physical description, and offer different ranges of coverage.