Exciting New Coverage Options in our Dwelling Program for California

Effective Date: July 1, 2009 – New and Renewal Business:

Quick Quote Now
Quote in modernLINK

Highlights of DP-1 and DP-3:

• Occasional Rental for Owner and Seasonal dwellings – 15% surcharge. Allows home to be occasionally rented to others.
• Short Term Rental for Rental dwellings – 15% surcharge. Allows you to write weekly rentals in all the seasonal hotspot areas.
• Structure Endorsement for DP-1 Seasonal. Form DPB00 (06/08). Allows a non-residential structure to be written as a stand alone DP-1 policy. Acceptable structures include: camping structures, casitas, boat houses (no living quarters), covered boat slips, pole barns, or storage buildings.
• Vacancy Permission Surcharge for DP-3 Owner, Rental, and Seasonal dwellings that may become temporarily vacant.
  • It’s now possible to write DP-3 policies as a DP-3 Vacant on a 12-month term!
  • In modernLINK, simply enter a quote like a typical DP-3 Owner, Rental, or Seasonal; however, on the Coverage page select the Vacancy Surcharge coverage. This coverage will treat the policy as a DP-3 Vacant.
  • Allows a vacant home to be written in the DP-3 program without a cancel/rewrite when the occupancy is no longer vacant. When the occupancy is no longer vacant, simply remove the Vacancy Endorsement. Also available in the DP-1 program.
  • We now accept vacant homes up to $1 million!

Broader Underwriting Guidelines:

American Modern has broadened our underwriting guidelines for acceptability.

Seasonal and Vacant Risks:

• We can accept Seasonal and Vacant risks without utilities and smoke detectors.
• We can accept DP-1 Seasonal risks in isolated areas (subject to brush fire restrictions).
• We can accept DP-1 Seasonal risks without a thermostatically controlled heating source.
• If a risk is DP-1 Seasonal and value at less than $30,000, no prior insurance is required.
• If a risk is DP-1 Seasonal, valued at $30,000 or more and uninsured for more than 30 days, you may submit an explanation and we will consider the risk.
• Un-repaired or existing damage is allowed in the DP-1 Vacant Program.

Underwriting Guidelines (PDF)
Application (PDF)
Supplemental Application (PDF)