Lower Rates, More Credits and Broader Coverage!
American Modern DP-3, DP-1 & Vacant Programs

Effective 1/1/12

Free Webinars about the new features!

Tue, Feb 14, 2012 2:00 PM - 2:30 PM PST

New, lower rates in most counties for DP-3 & DP-1

Lower rates statewide for Vacant Program

DP-3 & DP-1 Credits

• New, increased credits for $500/$1000/$2500/$5000 deductible options
• New, older insured discount of 5% for those 55 and older
• New, age of home credits for DP-3: 15% for homes new – 15 yrs. & 9% for homes 16-25 yrs.
• New, central station fire and burglar alarm credits & local alarm credits

DP-3 & DP-1 Coverages

• Removal of water sublimit in the DP-3 Program
• Vacancy permission endorsement on DP-3’s (rates reduced over 35%)
• New, fair rental value/loss of use endorsement
• New, for Rental & Seasonal – add a property manager as an additional insured
• New, medical payment limit of $10,000
• New, water backup and sump coverage endorsement
• New, ordinance or law coverage endorsement

Vacant Program

• New, lower property & liability rates statewide
• Multi-family surcharge removed
• Builder’s risk endorsement
• Vacant DP-1 fire only program closing and the policies will roll into fire & EC coverage (net rate reduction)