Important Update - American Modern Late Payment Procedure Changes

AMIG

To update an earlier message that was inaccurate - American Modern WILL consider policies with a lapse in coverage and we CAN rewrite Mobile Home policies that cancel for non-payment.

American Modern has instituted a 7 day grace period for late payments on all product lines. The system will no longer allow a late payment to be applied on any product after 7 days. The only exception is Leinholder billed accounts which will receive a 15 day grace period.

American Modern Mobile Home - Photo Requirement Lifted

AMIG

Most of you are familiar with the "undo" button on our computers... consider this an "undo" of the Underwriting Update we sent last month on this subject.

After further consideration, American Modern will no longer be requiring photos as previously outlined for Manufactured Homes.

Just to give you some background, the original reasons for the change were concerns around older Mobile Homes and also concerns about Mobile Homes with possible prior unrepaired damage. American Modern was trying to take measures to ensure their Mobile Home product remained healthy.