Texas DP3 Insurance – Rentals, Vacation, Investment Homes
Insurance Plus, providing protection for Landlords, Owners, Investors, and Management Professionals. Your source for investment property protection.
Get a DP3 Dwelling Insurance Quote
Protect your Texas rental or investment property with confidence. A DP3 policy provides comprehensive coverage against fire, wind, hail, and other major risks that can damage your home and threaten your income. Whether you own a single-family rental, vacation home, or vacant property, our experienced agents make it easy to get the right protection at the right price. Call today or request a free quote online to secure dependable Dwelling coverage tailored for Texas property owners.
Premium Financing is now available on all insurance programs.
Basic Protection Needed
- Main Structure, Landlord Building DP3 Replacement / ACV option.
- Other Out Buildings and structures.
- Contents Coverage (Equipment, Appliances, Furnishing, etc).
- Landlords Liability Insurance
- Property Replacement Guarantees.
- Extended Fire, Wind and Hail coverage.
- Accidental Water Discharge from plumbing.
- Loss of Rental Revenue due to a covered loss.
How to save on Dwelling Insurance
We can provide dwelling fire insurance for the main structure and certain owners' contents. Both Loss of Rents and Owners Liability coverage can be included. The Property Managers Professional Liability coverage and Crime coverage are also available as DP3 policy options. Risks do not need to be free of losses. This coverage can be written on Commercial Mono Line or Package policy Forms.
1. Update your home's heating, electrical, and plumbing systems to modern standards, and you may qualify for a discount of as much as 15% on your Landlord's Insurance Rate in Texas. Even though you may like old-fashioned fireplaces, they may not be as fire-safe as the more modern heating systems available today. Building technology has advanced quite a bit in recent years. There are many ways to make your buildings much safer. In addition to being a lower insurance risk, you can add value to your home structure in terms of its net worth in today's marketplace.
2. Don't forget to ask about discounts that may be available from your insurer. If you don't know about the factors that affect your final rate, you can not take advantage of them. Be sure to inform your insurance agent about any repairs or major updates you've made to structures or Conveyances. Certain newer appliances can also qualify you for discounts. Insurers often advertise the most common discounts, but generally do not advertise every available discount; however, that doesn't mean they are not there. It does no harm to ask your agent about ways you can save.
3. The material used in the construction of your property can go a very long way in affecting DP3 rates for Texas property owners. Frame Structures provide more resistance to earthquakes. Brick buildings can offer better resistance to high winds and flying debris, as well as the occasional auto collision. Those who need Apartment Building coverage in the Western United States can often pay lower rates if the buildings are framed because of the earthquakes there. Building your structure with the appropriate material for your state can easily save you 5% to 35% on your rate.
4. Your coverage can be both affordable and easy to find when you are working with an agent familiar with the risks investors face. You could save hundreds or even thousands of dollars on a DP3 in Texas by comparing coverage. The Basic form DP1 policy is usually cheaper, but offers less coverage. Extended DP3 policies, based on replacement cost, are Special broad form policies that offer more coverage, but may not always be the best value for the money. The rule of thumb is to evaluate competing coverage options and make the choice that makes the most sense for your investment exposure. Let us shop for the best insurance rate for your apartment buildings in Texas.
The TDP is more than just another policy; it’s a symbol of protection, preparation, and peace of mind for property owners who understand the value of what they’ve built. Whether you’re a landlord, investor, or someone protecting a second home, it stands as one of the most comprehensive policies available for dwellings. It’s designed for those who take pride in maintaining their properties and want the assurance that, no matter what life brings, they can recover, rebuild, and continue moving forward.
A DP3 policy offers “ open perils ” protection, meaning it covers a broad range of risks unless specifically excluded. From fire and windstorms to vandalism, fair rental and water damage, it provides powerful, flexible coverage for the structure and, often, loss of rental income. It’s not just about restoring a building, it’s about preserving a livelihood, a vision, and a long-term investment. When disaster strikes, DP3 coverage steps in to shoulder the burden, turning potential devastation into a manageable detour rather than an ending. A good policy provides confidence to the owners. It transforms anxiety into assurance, allowing owners and managers to focus on growth rather than fear of loss.
Every property tells a story of hard work and hope, a story worth protecting. Comprehensive insurance honors that effort by ensuring that when challenges arise, your foundation remains firm. It’s a partnership between foresight and security, giving the owner freedom to dream bigger and plan for the future with unwavering confidence. The DP3 policy stands as a quiet but powerful promise that no matter what happens, you have the strength and the coverage to rebuild not just your property, but your peace of mind.
Coverage forms for most Texas properties are available at this time. Forms available are DP1, DP2, and DP3. BOP and Fire Insurance policies are available.
Small for let rental properties can be covered on our Hassle Free DP1 named perils policy, based on actual cash value, or ACV. Other rental properties you may prefer to cover on a Broad Form DP3 open peril policy. See DP1 vs. DP3 for more details. Both DP1 and DP3 policies are available
Your Coverage can generally be effective the same day or the following day in most cases.
For your convenience, we have many programs that utilize electronic point of sale issue. Some markets may require a completed application.
If the electrical wiring, plumbing, and roofing systems have all been updated in the last 20 years. Then you can qualify for a discount on your landlord insurance policy rate by using the most recent remodeling date as the age of the structure. Up to a 10% credit.
We are now offering accidental water damage coverage with some policies on standard Fire, EC, and VMM policies. All DP2 and DP3 Policies offer replacement costs. Water protection and optional loss of rent. This applies to tenant and or owner-occupied Homes.
Investment properties can present risks not normally associated with an owner-occupied dwelling. A well-thought-out Landlord Insurance Policy or Landlord Cover note can be cost-effective as well as provide the necessary financial protection required to secure your investment.
DP3 Insurance in Texas – Frequently Asked Questions
What does a DP3 policy cover?
A DP3 policy covers your rental property, or investment home against major perils like fire, wind, and hail. It also provides coverage for loss of rental income and includes liability protection if someone is injured on your property.
Who should buy it?
The DP3 policies are ideal insurance for landlord rental homes, investors, and second-home owners who rent out or occasionally occupy their property. It’s designed to protect your building and income.
How much does it cost?
The cost of DP3 varies based on your property’s location, construction type, coverage limits, and deductible. Contact Insurance Plus today for a free, no-obligation quote tailored to your rental or investment home.
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