Vacant Property
Offered by American Modern Insurance Group
Description
For a vacancy of up to a year, purchase a special policy:
Named peril protection - Your policy covers those causes of loss listed by name in your policy documents (fire, lighting, wind, hail, explosion, and others). It covers the essentials, but not everything.
Actual cash value loss settlement - For a total or partial loss, we settle at the actual cash value (ACV) of the loss, which takes depreciation into account when settling your claim.
Term - We write 3-, 6- and 12-month policy terms.
Eligible home types
• Home should be in fair or better condition, showing proper maintenance
• Up to four-family construction, with no age restriction
• Valued up to $500,000 (most states > $1M in a few)
• Renovations in process are accepted without surcharge
Shorter vacancies can be handled with an endorsement. More information can be found here.
Named peril protection - Your policy covers those causes of loss listed by name in your policy documents (fire, lighting, wind, hail, explosion, and others). It covers the essentials, but not everything.
Actual cash value loss settlement - For a total or partial loss, we settle at the actual cash value (ACV) of the loss, which takes depreciation into account when settling your claim.
Term - We write 3-, 6- and 12-month policy terms.
Eligible home types
• Home should be in fair or better condition, showing proper maintenance
• Up to four-family construction, with no age restriction
• Valued up to $500,000 (most states > $1M in a few)
• Renovations in process are accepted without surcharge
Shorter vacancies can be handled with an endorsement. More information can be found here.
Details
Has Pen
Offered By
Availability 50 states + DC
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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