Dwelling (DP-3) Insurance

Offer coverage to customers whose homes don’t fit the standard HO-3 because of age, value, use, or past claims.

A customer’s investment may not always qualify for a standard homeowners policy. But you’ll be happy to know there’s an easy solution. Whether it’s a rental property or a seasonal home, our DP-3 program offers comprehensive protection, replacement cost settlement, superior  claims service and the kind of comfort and peace of mind customers deserve.

Home eligibility

  • Rental or seasonal occupancy
  • Structure 80 years of age or newer (60 years in some states)
  • Roof 20 years of age or newer
  • Above average or better condition, showing proper maintenance
  • Up to four-family construction

Special coverage and limits

  • Comprehensive protection – Any cause of loss is allowed except those specifically excluded in the policy documents.
  • Replacement cost settlement – Losses are settled at the replacement cost, up to the policy limit. There is no depreciation deduction.
  • Personal property option – This option covers furnishings in the home provided by the landlord – sofa, tables, chairs, appliances, linens, and the like – or owned by the homeowner.

Other benefits

  • The title may be held by a corporation or LLC
  • No limit on the number of policies
  • Multiple deductible choices and payment options

Dwelling (DP-3) Policy Highlights

Included Coverage Loss of rent – Lost rental income is reimbursed if a covered peril causes sufficient damage that the tenant needs to move out and is no longer paying rent.
Vandalism – Physical damage or defacement of the home is covered.
Additional coverage – Reasonable expenses for emergency repairs such as covering a roof after a storm
• Other structures on the property
• Debris removal
• Fire department service charge
• Collapse
• Water and mold
• Improvements and alterations
• Trees, shrubs, lawn
Optional Coverage Short-term rental permission – Rental terms less than three months, which are common in resort areas, can be accepted.
Occasional rental – With this option a seasonal home can be rented to others for a short period of time when not in use.
Short-term vacancy permission – A property between renters or undergoing renovations will be vacant for a few weeks or months. Adding the vacancy permission coverage keeps the property protected without the hassles of rewriting the policy.
Premises liability – Add protection for an injury occurring to someone while on the premises. The option does not cover a tenant’s actions.
Personal property – Add coverage for items such as furnishings, appliances, linens and the like, owned by the landlord and kept in the rental property, or owned by the seasonal home owner.
Vandalism – Physical damage or defacement of the home is covered.
Limited burglary – If a forced entry leaves signs of visible damage (for example a broken window or jimmied door) we will cover the theft of personal items or permanently attached items such as a heat pump or even copper piping.
Breakdown protection – Widen the policy’s scope to include the repair or replacement of major appliances, HVAC and electronics due to mechanical or electrical failure.
Identity theft recovery – Identity theft can result in real harm being done to a person’s credit report. This special option provides professional assistance and up to $15,000 in expense reimbursement.
Payment Options EZPay – Pay through automated monthly installments via credit card or bank account.
4-Pay – Pay a quarter up-front with an installment due every 60 days.
Full Pay – Pay when coverage begins or on renewal.


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