Tips to Grow your Insurance Business in 2018 and Beyond

An intimate understanding of the wants, needs, and desires of consumers throughout your chosen market(s) is critical to maintaining and growing market share. For example, American Modern® has become a leading collector vehicle insurance provider because we understand that a collector vehicle isn’t simply a possession, it’s a memory machine. Collector vehicle owners often spend countless hours restoring their “baby” back to its original glory, so we offer a wide-range of coverage options that can be customized to provide the best possible protection for their prized possession. 

In a similar way, old home enthusiasts are resurrecting older properties and making them shine like new again through a myriad of repairs and restoration techniques. Up until now, homes built over 100 years ago in NY and over 80 years ago in PA were not eligible for American Modern’s DP-3 program. However, as more home buyers desire the quality materials and craftsmanship used in an older home, our insurance products are adapting. 

American Modern’s DP-3 program can now accept any age home in New York and Pennsylvania! 

The quirkiness of an old home has become less of a drawback and more of a selling point in today’s market and the insurance industry as a whole is responding to this trend. American Modern is here to help its agents broaden their business by capturing new clients with older properties. American Modern will no longer exclude a home in its DP-3 program simply because of its advanced age. 

With American Modern’s DP-3 program, you can advise your clients that a property qualifies if the following criteria are met: 

●      Max Value of $500,000 for a rental property or $1 million for a seasonal home

●      Single family, duplex, or up to 4 family structure

●      Above average to excellent condition

●      Roof updated within the past 20 years 

Also, don’t forget that American Modern’s “short-term rental” endorsement is perfect for clients who are using their home for short-term stays with Airbnb or VRBO-type rentals.

Don’t let an older property keep you from Saying Yes to your client. Read up on our DP-3 program and get ready to cover your customers! 

Airbnb is a registered trademark of Airbnb, Inc. VRBO is a registered trademark of VRBO.com, LLC. Neither is affiliated with American Modern, or sponsors or endorses American Modern, its products, or its services.

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 one of the licensed insurers of American Modern Insurance Group, Inc., including American Modern Home Insurance Company d/b/a in CA American Modern Insurance Company (Lic. No 2222-8).