Landlord insurance (DP3)
A landlord policy (dwelling fire, DP3) insures a home you rent to someone else. It is the policy DSCR and rental lenders ask for, and it is different from a homeowners policy: it covers the building and your lost rent, not your tenant's belongings.
Quote landlordWhat it covers
- The dwelling, on a replacement cost basis where the carrier offers it
- Loss of rents while a covered loss makes the home unlivable
- Landlord liability, typically $300,000 to $1,000,000
- Other structures on the lot, such as a detached garage or fence
Who it's for
Investors holding single-family rentals, duplexes, triplexes and fourplexes, short- or long-term, financed or owned free and clear.
What your lender will ask for
Dwelling coverage at least equal to the loan amount or the replacement cost, the lender's exact mortgagee clause with ISAOA/ATIMA, the loan number, and a deductible within the lender's cap (often $5,000 or less). We send the evidence of insurance and invoice straight to the lender.
Questions we hear
Is landlord insurance the same as homeowners insurance?
No. Homeowners (HO-3) is for a home you live in. Once a tenant lives there, a homeowners policy usually won't pay a claim. A landlord (DP3) policy is written for rented homes.
Does my DSCR lender need loss of rents?
Many do - often 6 to 12 months of rent. We read the lender's requirements on the request and quote to them.
Can you insure several rentals on one policy?
Yes. Five or more properties usually fit on one portfolio policy with a single renewal date.
Where we write it
VersiFi quotes nationwide through carriers licensed in each state. State guides:
Get a quote today.
Send the address and your lender's details - we quote with several carriers at once and send the evidence of insurance to your lender. Or call 512-801-8702.