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.