When it comes to rental properties—whether a single-family home (SFR) or a condo (HO6)—having the right insurance makes all the difference. A DP3 Dwelling Fire Insurance policy is designed specifically for landlords who rent out their property to tenants. Unlike standard homeowners insurance, DP3 coverage protects the structure, loss of rental income, and liability in some cases of tenant-caused or unforeseen damage.
For SFR landlords, a DP3 policy covers the home’s exterior, roof, and attached structures against perils like fire, storms, and vandalism. For condo rentals (HO6 units), it can fill coverage gaps left by the master HOA policy, protecting your interior improvements, personal appliances, and liability exposure.
With carriers like Safeco, Travelers, and Foremost, you can easily bundle auto and rental insurance for better savings and broader protection.
Disclaimer:
Coverage options and policy details vary by insurer and location. Always review your policy or speak with a licensed agent at Aloha Insurance (303-489-0889) to confirm specific terms and eligibility.