About.com Rating

American Modern Insurance Group is an “A+” Superior A.M. Best rated insurance company with over 45 years of experience and is listed in the top 50 property and casualty insurance companies in the United States by Ward Financial Group. The Midland Company was founded in 1938 and American Modern Insurance Group incorporated in 1965.

The company offers a variety of specialty insurance products including mobile home insurance, dwelling policies for rental, vacant and seasonal homes; motorcycle insurance, collector vehicle, golf cart, watercraft, snowmobile and commercial property insurance.

A separate division of the company provides insurance to financial institutions for flood insurance, travel insurance, renters insurance, collateral protection and loan tracking. The corporate office of American Modern Insurance Group is located in Amelia, Ohio. The parent company, in 2008, Midland and its subsidiaries were purchased by Munich Re out of Germany. The company is licensed for business in all fifty states and has 1.7 million policy holders.

Coverage Options

American Modern Insurance offers insurance customers a specialty policy specifically designed for motorcycle owners. By buying a specialty policy rather than just adding a motorcycle endorsement to your auto policy, you may get option coverage that is not available through an endorsement such as increased coverage limits, replacement cost, trip interruption and coverage for safety apparel. The company provides coverage for many types of bikes including touring motorcycles, scooters, cruisers, ATV’s, dirt bikes, mopeds and SuperSport motorcycles.

Here are the types of coverage available with the American Modern motorcycle insurance policy:

• Liability: Your liability portion of your motorcycle policy pays for bodily injury or property damage for other parties in a motorcycle accident where you are at-fault up to your policy’s limits.
  
  
• Comprehensive: Comprehensive coverage pays for damages to your motorcycle for causes other than collision such as fire, theft, weather conditions and vandalism.
  
  
• Collision: Collision coverage pays for damages to your motorcycle in an at-fault accident. Both comprehensive and collision coverage are subject to your deductible limits.
  
  
• Replacement Cost Coverage: The replacement cost option pays for a new bike for motorcycles 2 years or newer in age.
  
  
• Accessory Coverage: $3,000 of accessory coverage is included with your policy as well as off-road unit coverage of $1,000. You have the option to purchase addition accessory coverage with an additional premium cost if desired.
  
  
• Helmet Collision: Pays for damage to head-gear of $400 per helmet or $800 per occurrence. Safety apparel coverage for approved cycle gear is also included.
  
  
• Trip Interruption Coverage: If your motorcycle breaks down and you are more than 100 miles from home, you have coverage for meals, lodging expenses and alternate transportation.
  
  
• Towing and Emergency Road Service: Pays for your motorcycle to be towed to a repair shop and for emergency repairs.

Policy Features

With an American Modern motorcycle insurance policy you can choose multiple deductible options as well as flexible payment options. You can choose a once-per-month electronic transfer for monthly payments, 2-pay policy plan, 4-pay policy plan or you can elect to pay your policy in full. Claims and policy services are available to policy holders 24/7 either online or by telephone.

Discounts

There are a number of discounts available through the American Modern Insurance Company to help you save money on your motorcycle insurance premium. Here are some of the discounts available:

• Motorcycle Safety Course
• Multiple Motorcycle
• Claims-free
• Homeowners
• Experienced Driver

Pros & Cons

Pros

• Excellent Financial Strength Rating
• Flexible Payment Options
• Extended Coverage Options

Cons

• As a specialty company, you may not be able to purchase all lines of insurance from American Modern Insurance.

To learn more about getting a quote for a motorcycle policy or to learn more about its other insurance products, you can visit the American Modern Insurance website or call 1-866-884-6167.