Investment / Landlord Property Coverage
Investment / Landlord Property Coverage are a type of property insurance designed to cover residential buildings that may not qualify for a standard homeowner’s policy. They are commonly used for rental properties, vacant homes, seasonal residences, or investment properties.
Types of Investment / Landlord Property Coverage
There are three main forms of dwelling insurance, each offering different levels of protection
DP-1 (Basic Form) – Named Peril Coverage
Here's what you get:
Covers only specific perils listed in the policy.
Common perils: Fire, lightning, windstorm, vandalism, and explosions.
Losses are typically paid on an Actual Cash Value (ACV) basis (depreciation is deducted from the payout).
Most affordable but provides limited protection.
DP-2 (Broad Form) – Named Peril Coverage with Additional Protection
Here's what you get:
Covers all perils from DP-1 plus more, such as falling objects, freezing pipes, and accidental discharge of water.
Losses are paid on a Replacement Cost Value (RCV) basis (no depreciation deducted).
Offers better protection than DP-1 but still lists specific covered perils.
DP-3 (Special Form) – Comprehensive Coverage
Here's what you get:
Open peril policy, meaning it covers all risks except those explicitly excluded.
Provides the highest level of coverage for dwelling and structures.
Covers loss of rental income if the property becomes uninhabitable due to a covered event.
Typically paid on a Replacement Cost Value (RCV) basis.
Most commonly used by landlords and real estate investors.
Who Needs a Investment / Landlord Property Coverage?
Dwelling policies are ideal for:
Real estate investors who own rental properties.
Landlords with tenant-occupied homes.
Owners of vacant or unoccupied homes.
Seasonal or vacation home owners.
Homeowners who don’t qualify for standard homeowners insurance.
Why Is a Investment / Landlord Property Coverage Important for Real Estate Investors?
For real estate investors and landlords, a dwelling policy ensures financial protection against unexpected damages, loss of rental income, and liability risks. It helps safeguard their investment and maintain cash flow in case of an unforeseen event.
Explore Our Coverage Options
Discover a range of tailored property insurance solutions designed to meet your unique needs.
Residential Homes
Coverage Includes: Fire, Theft, Natural Disasters, Liability & More
Landlord Policies
Coverage Includes: Fire, Theft, Natural Disasters, Liability Loss Of Use & More
Rental Properties
Coverage Includes: Fire, Theft, Natural Disasters, Liability & More
Restaurants & Hospitality
Coverage Includes: Fire, Theft, Natural Disasters, Liability & More
Bundled Auto
Coverage Includes: Theft, Un-insured Motorist, Liability & More
Builders Risk
Coverage Includes: Fire, Theft, Natural Disasters, Liability & More
Why Choose ParkHill Insurance?
Select from our tailored options to protect your property.
Tailored Plans
Customizable coverage to suit your unique needs.
Quick Claims
Hassle-free and prompt claims support.
Affordable Rates
Competitive pricing with comprehensive protection.
Frequently Asked Questions
Find answers to commonly asked questions about property insurance and ParkHill Insurance's offerings.
What types of property insurance do you offer?
We offer a range of property insurance options, including homeowners insurance, rental property coverage, auto insurance, and commercial property insurance. Our agents will help you find the right policy tailored to your needs.
How do I get a quote?
You can easily get a quote by filling out our online form or contacting one of our expert agents. We’ll walk you through the process and provide you with personalized coverage options.
What’s included in my home insurance policy?
Our homeowners insurance covers property damage, liability, theft, and natural disasters, ensuring your home and belongings are protected. Additional coverage options are available for specific needs.
Can I add more coverage to my policy?
Yes, we offer customizable policies. You can adjust your coverage limits or add options like flood or earthquake protection depending on your needs.
How do I file a claim?
Filing a claim with ParkHill Insurance is simple. You can report your claim online or contact our claims department, and we’ll guide you through the process to ensure fast and efficient resolution.
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