DP-3 and Specialty Homeowners

BoatsRental and seasonal properties, and homes outside of a preferred age or value, may well be rejected by standard carriers. For these specific risks, we have specific programs that give your customers a policy that fits their circumstances.

 

DP-3

Specialty Homeowners

Target Market

Rental or seasonal properties that would normally qualify for coverage by a standard carrier.

Homes not eligible in the standard market due to age or value. Fills the gap between DP-1 and HO-3.

Occupancy

Rental - Seasonal

Owner - Seasonal

Protection Loss Settlement1

Comprehensive
Replacement cost

Named peril
Actual cash value, upgrade to repair cost
or replacement cost2

Dwelling

80 years or newer for most states
Roof 20 years or newer
Above average to better condition

No age restriction
Average or better condition, showing proper maintenance

Family

Up to four families

Up to two families

Value

Varies by state

Varies by state

Term

12 months

12 months

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 rent

Liability, Personal Residential, Other structures, Loss of use, Vandalism

Optional Coverage1

Liability, Personal Residential, Vandalism

Earthquake
Enhanced coverage

Special Note

  

 

This program can be a good fit for an insured with cancelled or non-renewed coverage. Program is admitted in most states.

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.

2Replacement cost available in some states; repair cost in all states.