Homeowners

Offer this packaged solution for a home that needs more than just fire coverage.

The homeowners product provides a package of coverage for a full-time or seasonal home that because of its value, age or claim

history needs an alternative to HO-3 coverage. It includes named peril coverage, with Broad Form peril upgrades, plus a replacement

cost settlement upgrade. Water damage is a new option (up to 100% Coverage A). This replaces the water coverage in the Enhanced

Coverage endorsement.

Discounts help customers save

Property coverage has up to ten available discounts, making it pretty easy for you to save a customer 20 percent or more:

• Approved association membership – 5%

• Policy in effect 5 years or more – varies

• Central station fire / smoke alarm – 5%*

Options offer customers added protection

• Enhanced coverage adds more causes of loss: collapse, weight of snow/ice, power surge, falling objects, glass breakage.

• Add water damage coverage to a home (up to 100% Coverage A, mold sublimit applies).

• Add theft coverage to a risk (up to 100% Coverage C).

AMsuite™ makes your work easier

• C.L.U.E. reports and MSB valuation data are automatically imported making the quotes more accurate and easier to complete.

• Customer data already in the system auto populates fields in a new quote, eliminating duplicate work.

• Customers can electronically sign required forms, saving you the hassle of chasing and filing paper documents.

Value range

• $50,000 min.

• $75,000 min. for replacement cost

• $500,000 max.

There will be some state variation but this is the standard.

Insured for

• Market value

• Replacement cost is optional

Protection classes

• 1 to 10

Coverage

settlement

• Actual cash value for dwelling and other structures / full repair cost or replacement cost are upgrades

• Actual cash value for personal property / replacement cost is an upgrade

Included

coverage

• Liability – $25,000 to $500,000

• Personal property – 40% Coverage A

• Other structures – 10% Coverage A

• Reasonable repairs

• Debris removal

• Loss of use – 10% Coverage A

• Fire department surcharge – $500

Optional

• Identity recovery

• Ordinance or law – 10% Coverage A

• Service line – $10,000 limit ($500 deductible)

• Theft – limits up to 100% Coverage C

• Water backup/sump overflow – $5,000 limit

• Water damage – 10% to 100% Coverage A

Discounts

• Approved association membership – 5%

• Auto policy with agent – 5%

• Central station fire/smoke alarm – 5%*

• Central station burglar alarm – 5%*

Payment

options

• Full pay

• Monthly, EFT only

• 2-Pay, billed or EFT

• 4-Pay, billed or EFT

• 6-Pay, billed or EFT

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.

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© American Modern Insurance Group, Inc. 2016