Simply put, you want quality coverages at competitive rates for your customers. That's why we offer both TDP-1 and DP-3 policy forms providing flexibility you and your insured can appreciate . . . through the leader in Specialty Personal Lines Insurance, American Modern! |
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| TDP-1: A Selection of Solid Coverages to Suit Your Customer's Needs |
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| Replacement Cost Option: If the dwelling is damaged, we'll pay the amount necessary to fully repair or rebuild it, up to policy limits, when it is damaged by the following named perils: |
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| Fire |
| Lightning |
| Internal Explosion |
| Smoke |
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| Commercial General Liability Coverage: This optional premises liability defends your customer from liability for bodily injury or property damage caused to others on rental, seasonal, and vacant property. |
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| Fair Rental Value: If the dwelling is rented to others and is unfit for normal use due to a covered loss, this coverage helps cover the fair rental value of the dwelling. |
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| Personal Property Protection: An optional coverage, this protection covers insured's belongings when they are damaged by the perils listed in your policy. |
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| Personal Liability Coverage: This optional coverage protects your customer against accidents resulting in bodily injury or property damage - regardless if it occurs on the premises or not! |
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| Vandalism and Malicious Mischief: Should someone maliciously cause damage to the property, this optional coverage pays for the repairs. Available for owner occupied, rental, and vacant dwellings. |
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| Coverage for Other Structures and Reasonable Repair Expense is automatically included: Our TDP-1 includes Other Structures up to 10% of the dwelling amount and Reasonable Repairs which pays for temporary repairs that guard against further damage. |
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| These Important Coverage Options are also Available: |
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| Residential Glass (not available on vacant dwellings) |
| Radio and Television Antennas (not available on vacant dwellings) |
| Mold Coverage Buyback (see policy for specific terms and conditions) |
| Vacant Program: With both 3 and 6 month Policy terms, you have the flexibility to handle those unique occasions when a customer has a vacant dwelling that needs coverage. VM & M and Premises Liability also available! |
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| And you can book your TDP-1 Policies through modernLINK, our on-line quote and issuance system. |
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| DP-3: An ISO All Risk Form for your Rental & Seasonal Risks |
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| Available for Rental and Seasonal occupancies: The targeted values in the DP-3 program are between $75,000 and $300,000. |
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All-Risk Coverage on the Dwelling and Other Structures: We protect against all perils with this policy. However, as with any All-Risk policy, there are some coverage exclusions. For a full understanding of what’s included and excluded, please refer to the policy form. |
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| Replacement Cost Coverage on the Dwelling and Other Structures is included! |
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| Water/Mold Coverage: The DP-3 Water/Mold limits are based on the age of the dwelling. |
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| Dwellings New to 10 years of age – Full Water coverage. Mold coverage is limited to 10% of Coverage A with a $20,000 annual aggregate. |
| Dwellings 11-60 years of age – Water and Mold coverage is limited to 10% of Coverage A. |
| Dwellings age 61+ – Water and Mold coverage is limited to 10% of Coverage A with a $5,000 annual aggregate. |
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| The ISO DP-3 Policy Includes Coverage for Other Structures (10%) and Fair Rental Value (20%): These coverages do not decrease the total Dwelling Coverage provided by the policy. |
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| Dwellings 0 – 15 years of age can receive as much as a 15% credit to the base premium! |
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| An optional 2% deductible is available for a 10% credit. |
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| Option to increase Other Structures coverage: Up to a maximum of 50% of Coverage A. |
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| Personal Property Replacement Cost is available: For an additional premium Replacement Cost for Personal Property is available. |
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| Premises Liability is available. |
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| And you can back your DP-3 policies through modernLINK, our on-line and issuance system. |
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