New products and rates

Dwelling Basic replaces DP-1 — values up to $1M

Dwelling Special replaces DP-3 — values up to $1.25M

NEW Homeowners

New water damage and theft coverage options — 10 to 100%

Personal or premises liability up to $1M

Lower rates for property lines in metropolitan areas

Important dates*

October 15, 2018 — quoting opens for new products

November 15, 2018 — first policy bind date

August 12, 2019 — old policy conversion begins

August 12, 2020 — conversion ends

Conversion is the process of moving the customer policies from the modernLINK system and its underwriting companies to the AMsuite system and American Modern Property and Casualty Insurance Company

*Dates subject to change.

Starting October 15 you can quote new business in California through AMsuite. But you likely have quotes in modernLINK, too. During this transition between programs, you have the option to bind coverage in the modernLINK programs, but only until end of business on November 14. After that, you will need to requote your new business opportunities in AMsuite, and bind it as an AMsuite policy. Renewal business is not affected by the November 14 date.

Product Information

New product to sell

Homeowners is a new, highly flexible option for owner occupied or seasonal homes. The base package is a good fit for a simpler home or a second home that does not need a full package of protection (such as personal liability). But, by adding a few endorsements, it can be built-up to emulate an HO-3 policy’s open perils and replacement cost settlement. This helps us serve the wide range of homes in the diverse California market.

New product line up for California

Compare these products with the retiring programs (click the buttons for details)

Homeowners This is a new that product helps a customer who wants a package of protection, but their home is not a fit for an HO-3 policy.

 

Dwelling Basic accepts owner occupancy, rental, seasonal, vacant or non-residential structures. It’s flexible in terms of the home’s condition.

 

Dwelling Special supports rental or seasonal occupancy, and vacant property, too. It offers replacement cost protection to homes in good condition.

 

The Manufactured Home program covers owner occupancy, rental units, seasonal homes, and tenant. Vacant homes fit in our Dwelling Basic program.

 

Condominium covers not just owner occupancy, but harder-to-find rental and seasonal units, too. You can endorse the coverage to allow for short-term rentals.

 

Collector Vehicle
More acceptance of “future classics” from the 80s, 90s and 2000s
New options: appreciation security, automobilia, diminishing deductible, trailer physical damage.

 

Motorsports
Refreshed rates improve competitive position
Replacement cost coverage for bikes two model years and newer continues for the life of the policy
Not just motorcycles, but ATVs and golf carts, too.

 

Boat / Yacht
Consequential damage is included
Parts up to 10 years of age covered at replacement cost
Up to $50,000 coverage for personal effects (fishing gear) and for medical payments

Have a product question or need help?

Call us at 800-543-2644, contact your underwriting authority, or sign up for a product training class  .