American Modern Residential Insurance Products for Indiana

Indiana 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 [?] and DP-1 [?] They each have different requirements for the property’s physical description, and offer different ranges of coverage.

Rental Insurance for landlords with multiple rental properties

Mulitple Properties American Modern’s Scheduled Rental Dwelling program simplifies insurance for a property portfolio with one policy, one payment, and one renewal date.

This commercial program is designed for a real estate investor looking to consolidate insurance coverage, eliminate coverage duplication, and simplify management.

Insurance for vacation and seasonal homes.

Most people understand property insurance by comparing it to the policy they have for their home, which offers very wide coverage. However, a vacation home does not qualify for a homeowners [?] policy, perhaps because the home is located in an isolated area, or may lack utilities or a furnace for heating.

American Modern gives owners of a vacation home or seasonal home two ways to insure their home away from home. The insurance terms for this kind of coverage are DP-3 [?] and DP-1 [?] . They each have different requirements for the property’s physical description, and offer different ranges of coverage.

Vacant property

Insuring a vacant home is easy, if you have the right policy. Many insurance companies don’t like to cover a vacant home because it is more likely to suffer certain kinds of damage, such as a break-in by kids or vagrants, or damage that grows to a large scale, for example a water leak that goes undetected for weeks.

When a home becomes vacant, a standard homeowners policy may give the carrier the right to cancel mid-term, lower coverage levels, or even deny a claim.

What you need is a policy that is specifically written for the risks of a vacant property. It applies to these common circumstances:

You own rental property and are between tenants.
You’ve moved for a new job but your house is unsold.
A property is undergoing renovations.
As executor, you are selling a house to close an estate
.

Owner Occupied

Comprehensive protection for you and your home.

Your house may be in great shape, but because it is too far from a fire station, is an older home, or has a valuation different than the average in your neighborhood, you may have a challenge in finding insurance from a standard homeowners policy [?]

American Modern’s specialty homeowners program insures homes that need something more, or different, than what is readily available in the standard market.

Mobile Home Insurance

Comprehensive protection for you and your home.

Mobile home Insuring mobile homes has been at the heart of our insurance business for more than 45 years. We provide comprehensive coverage specially designed for single-family homes – owner, rental, and seasonal occupancy.

Our program accepts homes that are factory-built – a single-wide, double-wide, triple-wide, or 2-story modular.

Non-residential Insurance

Insurance for non-residential structures. In a typical homeowners [?] or DP-1 dwelling [?] policy, outbuildings are included in the policy written for the home itself. Your agent may refer to this part of the policy as Coverage B.

Most carriers will not offer you coverage for a stand-alone building, or if it located too far away from the primary residence.

American Modern insures stand-alone structures.

These are non-residential structures that include a roof, but no permanent living quarters, such as a:

• Pole barn
• Boat house or covered boat slip
• Casitas (RV awning)
• Storage building
• Camping structure

The minimum accepted value is $5,000. We do not require that you have a homeowners or dwelling policy with us.

The program is based on a DP-1 form (named peril protection, actual cash value settlement).

Collector Cars & Vehicles

Protection for a single classic car or a prized collection.

American Modern has one of the most inclusive collector car programs in the industry, covering many types of collectors, vehicle, operators, and values.

• Muscle cars
• Antiques
• Street rods
• Replica and kit cars
• Race cars
• Motorcycles
• Tractors
• Restorations in process
• Classic cars
• Exotics
• Customs
• Cobra replicas
• Trucks
• Military vehicles
• Fire engines

Boat Insurance

Boat insurance for both serious and occasional boaters.

• Bass boat
• Ski boat
• Cruiser
• Runabout
• Sport-fisher
• Sailboat
• Pontoon
• Houseboat
• Trawler
• Airboat
• Argos

Motorcycle Insurance
I

Whatever you ride, we can insure it.

• Cruiser
• Dirt bike
• Standard motorcycle
• Touring motorcycle
• Dual purpose
• SuperSport motorcycle
• Trike conversion
• Scooter or moped

ATV Insurance

Why do you need a separate insurance policy for your ATV or UTV?

It’s simple, really. Although you can add a simple endorsement [?] to your homeowners policy, doing so only covers you only when you are on your own property. If you go anywhere to ride, you need to protect yourself with a genuine ATV/UTV policy.

ATVs and UTVs come in many configurations, and American Modern provides excellent coverage for nearly all types:

• Sport Utility
• Multi-passenger4-wheel /6-wheel/8-wheel
• ATV

*NOTE:
We are unable to accept 3-wheeled units.

Golf Cart Insurance

Why do you need a separate insurance policy for your golf cart?

It’s simple, really. Although you can add a simple endorsement [?] to your homeowners policy, doing so only covers you only when you are on your own property. If you go anywhere off-site, you need to protect yourself with a genuine golf cart policy.

PWC insurance for fun on the water.

Most people refer to a personal watercraft, or a PWC, by the brand name of their machine – Jet Ski® WaveRunner® or SEADOO® – whatever you call it, American Modern can protect it. – whatever you call it, American Modern can protect it.

Renters Insurance

Insurance protection for renters.

Renters As a renter, your primary financial interest is tied mostly to your personal possessions. If a burst pipe floods the basement, or an accident starts a kitchen fire, your possessions may be damaged or ruined.

What many renters do not know is that a landlord’s insurance does not cover you. He has no obligation to replace or repair your belongings, even though his insurance may cover the damage to his building.

To protect yourself, and your family, you need renters insurance.
Not sure you need it?

Ask yourself if you can afford to replace all of these:

• Clothes and accessories
• TV/DVD/DVR
• Gaming equipment
• Kitchenware
• Sports equipment
• Furniture
• Computer
• CDs/DVDs
• Linens
• Hobby materials
• Stereo/portable audio
• Camera/Video camera
• Appliances
• Exercise equipment
• Books/Art/Collectibles

Without renters insurance, replacing these common items is an out-of-pocket expense.