Dwelling Fire
(DP3)
Our dwelling fire policy offers more limited coverage than a traditional homeowner policy and is suitable for non-owner-occupied or rental properties.
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A dwelling fire policy provides coverage for damage or loss to a home and its contents caused by specific perils, such as fire, lightning, or smoke.
Unlike comprehensive homeowners insurance, it typically offers more limited coverage than a traditional homeowner policy and is suitable for non-owner-occupied or rental properties. The policy may include dwelling coverage for the structure, personal property coverage, and liability protection specifically selected by the policy purchaser. It’s always important to review policy terms and exclusions for an understanding of the extent of coverage.
Loss of rental income you might experience if your rental property is uninhabitable at fair rental value.
Property Damage coverage protects against damage to your home and many permanent structures on your property. This includes damage from fire, smoke, wind, falling trees, hail, and theft.
A Dwelling Fire policy helps protect your property from damage caused by common hazards like fire, smoke, and lightning. It also covers storms like wind or hail, unexpected explosions, and vandalism. This coverage gives you the support you need to repair and rebuild, helping keep your investment safe and secure.
Dwelling Fire insurance focuses mainly on protecting the structure of your home and other buildings on your property. It’s a great option for rental or vacation homes but usually doesn’t cover personal belongings or liability. Homeowners insurance goes a step further by covering your home, your belongings, liability protection, and extra living expenses if you need to stay elsewhere after a covered event. Simply put, Dwelling Fire covers the building itself, while Homeowners insurance offers broader protection for you and your family.
Yes! Our Dwelling Fire policies allow you to add extra coverage or endorsements to better protect your property and belongings. These options can include personal property coverage, loss assessment, equipment breakdown, limited theft and more. Keep in mind that available endorsements may vary depending on your state. Be sure to talk with your insurance agent about finding the best coverage options for where you live. Endorsement availability and terms vary by state and program.
Yes! Many of our Dwelling Fire policies offer optional coverage to help replace the rent you’d lose if your rental property becomes unlivable due to a covered event like a fire or storm. Since coverage options can vary by state, it’s a good idea to check with your insurance agent to see what’s available for your property.
The right amount of coverage depends on how much it would cost to rebuild your home if something happened. It’s a good idea to make sure your policy covers the full replacement cost so you’re not left with unexpected expenses. Don’t forget to include any other buildings on your property, like garages or sheds! If you’re unsure, your insurance agent is here to help figure out the best coverage to keep your investment protected and give you peace of mind.
Note: Replacement cost settlement generally applies when Coverage A is at least 80% of full replacement cost; otherwise settlement may be ACV or proportionate. Certain below-grade supports and underground components are excluded from the RC calculation.
Liability coverage for injuries to guests.
Is usually a stated value and covers injuries to guests visiting your home.
Coverage for theft of personal property you own that is kept at the insured dwelling.
Coverage to upgrade your roof to a Fortified RoofTM, that’s an Insurance Institute for Business & Home Safety (IBHS) definition, and it’s only if we determine that the entire roof needs to be replaced due to a covered loss.
Coverage for increased costs of reconstruction, repair and demolition of property based on the local laws or ordinances governing those items. It’s usually stated as a maximum percentage of the Coverage A limit.
Increased coverage for covered loss assessments, you might be familiar with these if you live in a condo.
Coverage for loss resulting from water backing up through sewers or drains or overflowing from the sump.
Coverage for specified other structures.
Provides replacement cost rather than the actual cash value (which include depreciation).
Liability coverage for personal injury to others for offenses such as false arrest, detention or imprisonment, libel, slander, defamation of character, invasion of privacy, and wrongful eviction or wrongful entry.
Coverage can be purchased for various specific types of property (antiques, art, jewelry, silverware, stamps, etc.).