Dwelling Fire Policy (DP-3)
Insurance Glossary
A property form used for homes the owner does not live in, such as rental houses, seasonal properties and homes between occupants. It covers the structure on an open perils basis like a homeowners policy, but personal property coverage is limited and settled at actual cash value, and liability and loss of rents are normally added by endorsement rather than included. DP-1 and DP-2 are narrower forms in the same family that cover only listed perils.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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