American Modern is in A+ (Superior) financial condition. They are an A. M. Best Company. They are recognized as a national leader in the residential insurance market. In the recreational insurance market, they offer boats, yachts, personal watercraft, and classic cars.
California Residential Products
Manufactured Home
- Occupancy: owner, rental, seasonal, vacant (via DW Basic), tenant
- Home: no age limit, single family, multisectional, modular, tiny home
- Value: $5,000 to $500,000
- Coverage: comprehensive causes of loss – stated value settlement for total loss –
ACV for partial loss – upgrade to full repair, replacement or extended replacement cost for homes 30 years of age and newer – ACV settlement for personal property, upgrade to replacement cost.
Homeowners
- Occupancy: owner, seasonal
- Home: no age limit for basic or enhanced coverage (60 year max. if adding ext. replacement cost or for row or town home),
1- to 2-family, average or better condition - Value: $50,000 ($75,000 if replacement or ext. replacement cost) to $1M
- Coverage: extended coverage, upg. to comprehensive – ACV, upg. to full repair, replacement or extended replacement
Dwelling Special
- Occupancy: rental, seasonal, vacant
- Home: no age limit, 1- to 4-family, above average or better condition, up to 3 stories, row homes, flat roof/li>
- Value: $75,000 to $1.25M
- Coverage: comprehensive (all risk) coverage, replacement cost, modified functional replacement cost, extended replacement cost settlement for dwelling and other structures – named peril coverage, ACV settlement for personal property, upgrade to replacement cost
Additional Information
- Up to $300k Coverage A
- Short-term rental coverage
- Prior losses
- Homes built after 1950 are eligible
- 2 prior losses acceptable
- Extended Replacement Cost
- Direct Bill
