Page 12 - AMsuite Is Here Sales Guide_Spread

• Owner – O • Rental – R
Occupancy types • Seasonal – S • Vacant – V
• Standalone, non-residence structures – N
• Up to four-family • Fair condition and better
Property • Up to three-stories • Row or town homes
description
• No age restriction • Schedule up to 10 homes on one policy
• $5,000 min. – S V N • $300,000 max. – O R S N
Value range • $20,000 min. – O R • $1M max. – V
There will be some state variation but this is the standard.
Insured for • Market value (less land value)

Protection classes • 1 to 10
• Named peril for dwelling, other structures and personal property
Coverage (Named perils same as those on 2014 ISO DP-1 form)
• $500 default • Optional $1,000, $2,500, $5,000
Deductible
Separate deductibles may apply in some states for coverage such as wind/hail.

Loss • Actual cash value for dwelling and other structures / full repair cost is an upgrade
settlement • Actual cash value for personal property

• Other structures – 10% Coverage A • Fair rental value – O R S – 10%
Included (does not reduce Coverage A) Coverage A (reduces Coverage A)
coverage • Reasonable repairs • Fire department surcharge – $500
• Debris removal
• Personal liability – O – $25,000 to $500,000 • Water damage – O R S – $10,000 sublimit,
• Premises liability – R S V – $25,000 to $5,000 limit for mold and remediation
$500,000 (covers a property manager / can • Short term rental – R
add landlord personal injury if a rental) • Occasional rental – O S
Optional • Personal property – O R S V • Identity recovery – O S
coverage • Vandalism • Builder’s risk – V
• Burglary • Home equipment breakdown protection
• Theft with resulting vandalism • Service line – $10,000 limit ($500 deductible)
– O – $10,000 limit • Additional living expenses / Fair rental
value – O R S – 10% to 40% Coverage A
For O R S: For O R S V N:
• Central station fire / smoke alarm – 5%* • Approved association membership – 5%
• Central station burglar alarm – 5%* • Auto policy with agent – 5%
Discounts • Local smoke and /or burglar alarm – 2%* • Multiple policies with American Modern – 5%
• Deadbolt, smoke alarm, fire extinguisher – 2%* • No claim in past 3 years – varies
*up to 10% total • Paperless documents – 1%
• Paying in full – 5%

• Full pay • 4-Pay, billed or EFT
Payment • Monthly, EFT only • 6-Pay, billed or EFT
options
• 2-Pay, billed or EFT
Capital letters following a coverage or description show any restriction on the eligible occupancy types.

Shoemaker & Besser Associates, Inc.
717-718-8139
Quote today on AMsuite ® jbrubaker@shoemaker-besser.com

This material is proprietary, and is intended for agent training and should not be shared with potential or actual policyholders. To help explain this product to your customers, order free sales materials from the
Marketing Center. Coverage is subject to policy terms, conditions, limitations, exclusions, underwriting review and approval, and may not be available for all risks or in all states. Rates and discounts vary, are
determined by many factors, and are subject to change. Policies are written by American Modern Property and Casualty Insurance Company.
10469-DB-201810
© American Modern Insurance Group, Inc. 2018