DP-1 and DP-1 Vacant
For Dwellings Occupied or Not
Many standard carriers are reluctant to cover a vacant home. We welcome that business with a specific program for temporarily vacant homes. For owner, seasonal and rental occupancies, take a look at our DP-1 program.
| DP-1 | DP-1 Vacant | |
|---|---|---|
| Target Market | Owners who either do not want, or do not qualify for, an HO-3 policy. | Properties temporarily vacant due to renovation, between rental tenants, or on the market for sale. |
| Occupancy | Owner - Rental - Seasonal | Vacant |
| Protection Loss Settlement1 | Named peril Actual cash value |
Named peril Actual cash value |
| Dwelling | No age restriction Fair or better conditions |
No age restriction Average or better condition, showing proper maintenance |
| Family | Up to four families | Up to four families |
| Value | Varies by state | Varies by state |
| Term | 12 months | 3 or 6 months - renewable 12 months in some states |
| Protection Class | 1 - 10 | 1 -10 |
| Prior Losses or Credit Issues |
Most acceptable | Most acceptable |
| Photos | Not required | Not required |
| Included Coverage1 | Other structures Loss of use |
Other structures Loss of use |
| Optional Coverage1 | Liability, Personal property, Loss of use, Vandalism | Liability, Vandalism |
| Special Note | Many standard carriers treat vacant homes as "high risk." Policies may be expensive, or drop coverage levels if vacancy extends. Our Vacant program is an excellent alternative. |
1All coverages protect up to the policy limits. As you review these program highlights, keep in mind that program availability and coverages may vary by state. The state program manual and policy form present complete details.