A Dwelling Fire Landlord policy (or DF3-DL) is an 'a la carte' insurance policy. It offers flexible coverage options to owners of rental properties. A Dwelling Fire Landlord policy provides basic coverage for the structure of the insured dwelling (a 1-4 family home). You have the option to include coverage for theft, ordinance or law, premises liability, and medical payments.
Many coverages have a minimum and maximum coverage amount (commonly referred to as "coverage limit"). Each of the coverage tabs below provide a basic overview of the coverage and the applicable coverage limits.
A Dwelling Fire Landlord policy provides coverage for damage to the structure of your dwelling in the event of a covered loss. Coverage A includes Replacement Cost for covered losses. This means that the structure of your home is valued using today's construction costs to rebuild or repair your home, which is not the same as the real estate value.
Homes with an older roof that may not be eligible for a standard Homeowners Insurance policy could be eligible for a Dwelling Fire Landlord policy because the Dwelling Fire program has an Actual Cash Value Roof Loss Settlement endorsement that can be added to the base policy.
Dwelling (Coverage A) Limit: $125,000 - $1,000,000
Our Dwelling Fire Landlord policy provides coverage for “other structures” located on the residence premises. For example: a detached garage or in-ground swimming pool may be considered an “other structure”. Additional coverage is also available for pool enclosures.
Other Structures (Coverage B) Limit: 1% - 20% of Coverage A
Coverage C is available for the property you own in the home. Some examples of the contents you may elect to cover are furniture and appliances. Coverage C does not include coverage for your tenant’s personal belongings.
Personal Property (Coverage C) Limit: $0 - $250,000
Actual Cash Value is the only loss settlement option for personal property on a Dwelling Fire Landlord policy.
If your rental property becomes uninhabitable due to a covered loss, your landlord insurance policy provides coverage for the loss of rental income you incur while the home is uninhabitable.
Coverage D & E Limits: 10% of Coverage A
Premises Liability can protect you in situations that may be unforeseen, such as a visitor twisting their ankle on a loose step. Liability coverage also covers certain defense costs - even if the lawsuit filed against you is false, groundless or fraudulent.
Premises Liability Insurance (Coverage L) Limits: $0, $100,000, $200,000, $300,000, or $500,000
This valuable coverage is also available for properties deeded in the name of a Trust, LLC, or Estate.
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others if they are injured on your property.
Medical Payments (Coverage M) Limits: $0, $1,000, $2,500, or $5,000
Many coverages have a minimum and maximum coverage amount (commonly referred to as "coverage limit"). Each of the coverage tabs below provide a basic overview of the coverage and the applicable coverage limits.
Remember: Your condo association's insurance policy does not provide coverage for the interior of your unit and personal property. It is your responsibility to repair or replace flooring, appliance or other interior features.
This is coverage for property which is specifically your responsibility under your Condo-Owner’s Association Agreement. This includes items of real property permanently affixed to the unit that are not covered by the association's policy. Some examples of these items include flooring, walls, and fixtures such as cabinets, and counter tops.
Coverage A Limit: $25,000 - $150,000
This is coverage for your personal property located in the condo rental unit, such as furniture, and appliances. You can choose the amount of contents coverage that you'd like applied to your policy. Coverage C does not provide coverage for your tenant’s personal belongings.
Coverage C Limit: $15,000 - $200,000
Actual Cash Value is the only loss settlement option for personal property on a Dwelling Fire Landlord policy.
If your rental property becomes uninhabitable due to a covered loss, our Dwelling Fire Landlord policy provides coverage for the loss of rental income you incur while the unit is uninhabitable.
Coverage D & E Limits: 10% of Coverage A
Premises Liability can protect you in situations that may be unforeseen, such as a visitor twisting their ankle on a loose step. Liability coverage also covers certain defense costs - even if the lawsuit filed against you is false, groundless or fraudulent.
Coverage L Limits: $0, $100,000, $200,000, $300,000, or $500,000
This valuable coverage is also available for properties deeded in the name of a Trust, LLC, or Estate.
This coverage is paired with Personal Liability coverage to provide medical expense coverage to others if they are injured on your property.
Coverage M Limits: $0, $1,000, $2,500, or $5,000
Other options are available to you. Including Dwelling Fire Insurance for Owners (DF3-DO).