American Modern Insurance Review & Complaints: Homeowners Insurance (2024)
American Modern Insurance reviews are good overall, with an A.M. Best rating and BBB rating of A+. Most reviews are positive with only a few expressing dissatisfaction with the American Modern Insurance claims process. You cannot find American Modern property and casualty insurance company quotes online, but we recommend the company for drivers who need non-standard insurance policies.
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
UPDATED: Nov 27, 2023
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 27, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
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American Modern is an insurance company catering to the specialty insurance market. With policies for homes and vehicles that are outside the standard auto and homeowner’s insurance framework, American Modern fills in the gaps left by other insurance companies.
Understanding what you needs in terms of coverage for your personal property can help immensely. Educating yourself on the types of insurance that are out there can be a good starting point. This way, if you’re looking for any sort of specialty insurance, you’ll know whether or not you meet the requirements. Specialty insurers generally offer assistance if you have any questions, too.
What is American Modern?
American Modern Insurance Group is a group of specialty insurance companies dating back to 1965 when American Modern Home Insurance Company and American Family Home Insurance Company were both founded. These two companies formed the beginnings of the insurance group and are still the main subsidiaries. The initial focus was on insurance for manufactured homes, which was then an underserved market. The insurance companies were an expansion of Midland Discount Corporation, an auto finance company going back to 1938.
In 1990 American Modern started expanding into other specialty products, including watercraft insurance and collector cars. In 2000 further expansion added ATVs and snowmobiles, Over the following years, American Modern began providing other home insurance coverage for seasonal and rental homes that do not qualify for standard homeowners.
American Modern Insurance Group products are sold in a variety of ways, including through agents and by insurance companies looking to expand their product lineup without underwriting the policies themselves. American Modern’s subsidiary companies bear the American Modern, American Family, and American Western/Southern names.
The company’s headquarters are located in Amelia, Ohio. In 2008 international corporation Munich Repurchased the entire Midland company, including American Modern Insurance Group. Your one-stop online insurance guide. Get free quotes now! Secured with SHA-256 Encryption
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What types of insurance products are offered?
Buying insurance may feel daunting when you first set out, because there is such a wide variety of policies offered, and various types of coverages you may need. Knowing what to look for helps when you’re buying insurance. This way, you won’t waste time or effort looking into companies who may not be a good fit for you. That being said, American Modern writes a variety of specialty home insurance products, as well as policies for recreational and collectible vehicles.
Specialty Home Insurance
American Modern started as a manufactured home insurer, but now offers many different types of home coverage:
- Mobile Home Insurance – Offered for all different types of factory-built homes, including single, double, and triple-wide mobile homes, in addition to one and two-story manufactured homes. Homes can be either owner-occupied or seasonal, rental, or even vacant with the American Modern program.
- Non-Standard Home – Policies cover homes that are owner-occupied but do not qualify for standard homeowners policy. This can be due to location, previous claims, or other issues with the house.
- Vacant Home – Insurance designed for homes that are currently unoccupied for a variety of reasons such as, renovations or rentals that are currently between tenants.
- Landlord Insurance – Provides coverage specifically for the needs of landlords, providing extra coverage such as loss of rent.
Specialty Vehicle Insurance
American Modern writes several products to cover the types of vehicles that standard insurance companies leave behind.
These include:
- Collector and antique cars
- ATVs
- Snowmobiles
- Recreational Vehicles
- Personal Watercraft
- Golf Cars
- Motorcycles
- Boats
- Yachts
Additional Products
The newest addition to the American Modern lineup, pet insurance provides pet medical insurance. Coverage includes accident and illness protection, and there is also an option to cover well checks and annual vaccinations.
Does the company offer competitive rates?
American Modern does not offer online quoting to compare rates. Their policies are sold mainly through insurance agents or are underwritten by the company on behalf of another insurance company or group. As a result, it is more difficult to obtain a price comparison than with other companies, even other non-standard insurers.
Navigating the American Modern Insurance Claims Process
Ease of Filing a Claim
American Modern Insurance offers a modern and convenient claims filing process. Policyholders can file claims through multiple channels, including online, over the phone, or via fax. This flexibility allows customers to choose the method that suits them best, making it easier to initiate a claim promptly.
Average Claim Processing Time
While American Modern Insurance does not provide specific information about claim processing times on their website, their modern approach to claims handling suggests a streamlined and efficient process. Policyholders can expect prompt attention to their claims, with adjusters assigned immediately upon claim initiation.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback regarding American Modern Insurance’s claim resolutions and payouts is generally positive. The company has received favorable reviews for its claims handling, with many policyholders expressing satisfaction with the outcomes of their claims.
However, as with any insurance company, there are a few negative reviews from customers who may have had different experiences. Overall, American Modern Insurance maintains a solid reputation for resolving claims fairly and efficiently.
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Exploring the Digital and Technological Features
Mobile App Features and Functionality
American Modern Insurance offers a user-friendly mobile app that provides policyholders with convenient access to their insurance information. The app allows customers to view policy details, make payments, and even file claims directly from their mobile devices. It offers a seamless and intuitive experience for those who prefer managing their insurance on the go.
Online Account Management Capabilities
Policyholders can take advantage of American Modern Insurance’s online account management capabilities. Through their secure online portal, customers can access their policies, update personal information, and review billing and payment details.
This digital convenience simplifies the management of insurance policies and ensures that customers have easy access to essential information.
Digital Tools and Resources
American Modern Insurance provides policyholders with a range of digital tools and resources to enhance their insurance experience. These resources may include educational materials, FAQs, and informative blog posts to help customers make informed decisions about their coverage.
These digital resources empower customers to better understand their policies and make the most of their insurance coverage.
Are there customer complaints about the insurer?
American Modern has been accredited with the BBB since 1947. The site gives the company an A+ rating and lists a total of 70 customer complaints against American Modern in the past three years. Of the 70 complaints, 22 of them have been closed in the last 12 months. This is not a large number of complaints for a company of this size.
There is not a lot in the way of reviews available for American Modern, which may be a function of the frequency with which the policies are sold through other insurance companies that don’t underwrite that type of coverage. Customers may be placing their reviews under the name of the insurance company through which they purchased the policy, not the company actually responsible for underwriting and administering the policy.
The reviews that can be located for American Modern are somewhat balanced, surprisingly, as positive reviews of insurance company’s are often hard to come by. American Modern does have its share of negative reviews, mostly pointing to dissatisfaction on the part of the insured with the outcome of a claim. There are also a number of positive reviews by customers who are very pleased with their policies and service.
There is certainly nothing worrisome in the reviews, and the overall impression is a positive one.
What is the company’s financial strength rating?
Rating Company | Grade | Financial Outlook |
---|---|---|
AM Best | A+ | Stable |
Fitch | N/A | N/A |
S&P | N/A | N/A |
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What’s the bottom line?
While those in search of standard insurance will do better elsewhere, anyone looking for a non-standard policy, specialty home, or vehicle policy will likely find American Modern on the list of options. So if you’re looking for a classic car policy, or better insurance rates on non-standard home policies, American Modern offers those seemingly strange coverage types. If you are being offered American Modern insurance through another company or group, it is a choice that is well worth considering.
Although their rates are a bit unknown, they provide specialty coverage and a great deal of market experience that is not found by other companies. Combined with a strong reputation from customer reviews and a solid claims system, American Modern is a good choice.
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Frequently Asked Questions
What is American Modern Insurance?
American Modern Insurance is an insurance company that provides insurance products for homes, vehicles, and other specialty products. It was founded in 1965 and is now a subsidiary of Munich Re, one of the largest reinsurance companies in the world.
What types of homeowners insurance does American Modern Insurance offer?
American Modern Insurance offers standard homeowners insurance, as well as specialized coverage for high-value homes, manufactured homes, rental properties, and vacant homes.
How can I get a quote for American Modern Insurance homeowners insurance?
You can get a quote for American Modern Insurance homeowners insurance by visiting their website and filling out an online form, or by calling their customer service hotline.
Are there any discounts available for American Modern Insurance homeowners insurance?
Yes, American Modern Insurance offers several discounts for homeowners insurance, including multi-policy discounts, new home discounts, and safety feature discounts.
What is the claims process like for American Modern Insurance homeowners insurance?
The claims process for American Modern Insurance homeowners insurance is relatively straightforward. You can file a claim online or by calling their claims hotline, and a claims adjuster will be assigned to your case to assess the damage and help you with the claims process.
What are some common complaints about American Modern Insurance homeowners insurance?
Some common complaints about American Modern Insurance homeowners insurance include slow claims processing times, poor customer service, and denied claims.
How does American Modern Insurance compare to other homeowners insurance companies?
American Modern Insurance is one of many homeowners insurance companies available in the market. It is important to research and compare policies, coverage options, pricing, and customer satisfaction ratings before choosing a homeowners insurance provider.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
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Daniel Walker
Licensed Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.