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If you own a home, condo, apartment, or townhouse we will help you find the best coverage with the best value. Our property insurance experts will make sure that you cover one of your biggest assets.

A dwelling property (DP) insurance policy is similar to a homeowners policy but is generally purchased when a property owner is renting out their building to someone else. If the homeowner is living in the property a traditional homeowners insurance policy should be purchased as it provides broader coverage.


There are two forms that a rental property is insured under, DP1 and DP3.

A DP1 is a very limited policy and our office does not insure properties under this form.

The DP3 is the most common type of insurance policy that landlords use to protect their rental properties. It is important to note that if there are more than 3 units in a structure that are all rented out, a commercial package may be a better fit.

DP3 policies are very similar to an HO3 in the types of coverage that are listed. Coverage A-D, Medical Payments, and Liability Insurance. A DP3 can also be used to cover a landlord that owns a condo that is rented to others.

Dwelling Property Coverages

Coverage A – Dwelling – This covers the structure itself.

Coverage B – Other Structures – If you have any detached structures such as a shed or detached garage this part of your policy will cover listed damages. Generally speaking the amount of coverage can only be up to 10% of Coverage A.

Coverage C – Personal Property – This can be specified to any amount on a dwelling policy. Often times people do not rent their properties out furnished so the coverage may be set to $0.

Coverage D – Lost Rent – If the property is damaged and not rented, this coverage will pay for your lost rental income.

Liability Insurance – This is a vital part of your dwelling property policy. If you are named as a defendant in a lawsuit this portion of the policy will cover you up to the limits.

As a homeowners insurance specialist in West Palm Beach we deal with all types of homeowners policies on a daily basis. We will take the time to understand your needs and find a policy that provides you with the best coverage at the most affordable price.


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301 Clematis St., Suite 3000
West Palm Beach, FL 33401
561.406.4389