We can insure your rental home anywhere in Florida including but not limited to Port Saint Lucie, Fort Pierce, Stuart, Jensen Beach, Vero Beach, Miami, West Palm Beach, Fort Lauderdale, The Florida Keys, Tampa, Melbourne, Orlando, Fort Myers, Punta Gorda, Cape Coral, Boca Raton, Clearwater, Daytona Beach, Panama City, Pensacola, Palm Bay, Marco Island, Sarasota, Jupiter, Tallahassee, Jacksonville, and many others.

 

 

Landlord rental insurance (often called Dwelling Fire or DP policies) is designed for rental properties instead of owner-occupied homes. These policies protect the building and provide liability coverage while tenants live there. 🏠

 

Here are the main types:

 

 

 

 

🏠 DP-1 – Basic Landlord Policy

 

 

Most basic rental property coverage

 

 

Covers only named risks such as:

 

 

✅ Fire 🔥

✅ Lightning ⚡

✅ Windstorms 🌪️

✅ Explosion

 

 

Usually covers:

 

 

• Structure (the building)

• Limited liability (optional)

 

 

 

Important details:

 

 

• Often Actual Cash Value

• Cheapest option

• Minimal protection

 

 

✅ Lowest cost

❌ Least coverage

 

 

 

 

🏠 DP-2 – Broad Form Landlord Policy

 

 

Mid-level rental property insurance

 

 

Covers DP-1 plus:

 

 

✅ Falling objects

✅ Frozen pipes

✅ Water damage from plumbing

✅ Electrical damage

 

 

Usually includes:

 

 

• Replacement cost coverage (optional)

• Loss of rental income

 

 

 

Typical protection:

 

 

• Building

• Liability

• Rental income

 

 

✅ Better protection

💲 Moderate price

 

 

 

 

🏠 DP-3 – Special Form Landlord Policy (Most Common)

 

 

Most landlords choose this policy

 

 

Covers the building for:

 

 

✅ All risks except excluded

 

Common exclusions:

 

❌ Flood

❌ Earthquake

❌ Wear and tear

❌ Neglect

 

 

Usually includes:

 

 

✅ Building coverage

✅ Liability protection

✅ Loss of rental income

✅ Other structures (fences, sheds)

 

 

Example:

 

 

If a storm damages the roof → Covered

 

 

 

 

🏠 What Landlord Policies Usually Cover

 

 

 

1️⃣ Building Coverage

 

 

Protects:

 

• Roof

• Walls

• Floors

• Plumbing

• Electrical

 

 

 

 

 

2️⃣ Liability Coverage

 

 

Protects you if:

 

• Tenant gets injured

• Visitor gets hurt

• Lawsuit happens

 

 

Example:

 

Tenant slips on wet steps.

 

 

 

 

3️⃣ Loss of Rental Income

 

 

Pays rent if property cannot be occupied after a covered loss.

 

Example:

 

Fire damage → policy may pay lost rent.

 

 

 

 

🏠 Optional Coverages

 

 

Many landlords add:

 

✅ Ordinance & law coverage

✅ Vandalism coverage

✅ Equipment breakdown

✅ Umbrella liability

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📞 Get a Free Quote Today

 

 

Protect your business with affordable general liability insurance.

 

Call or Text:

772-979-4134

 

Email:

buddy.carter@buddyinsuresyou.com

 

Request a free quote today.