Details to verify
Many quote comparisons begin with dp-3 vs ho-3 insurance. Price matters, but the comparison should also verify landlord dwelling policies compared with owner-occupied homeowners policies.
- Occupancy type and lease status.
- Loss-of-rent or fair rental value option.
- Landlord liability and premises hazards.
- Tenant-caused damage wording and vandalism limits.
- Whether the property is personally owned or LLC-owned.
Why it matters: Landlord pages avoid pretending DP-3 is just a normal homeowners quote with a different label.
Questions worth asking before you bind
| Question | Why it matters |
|---|---|
| Is the home tenant-occupied? | Owner-occupied HO-3 forms are not the same as landlord policies. |
| Is loss of rent included? | Rental income protection may need specific wording. |
| Who owns the property? | LLC ownership can affect underwriting and named insured. |
| Are short-term rentals involved? | Home-sharing may require a different policy path. |
Documents to keep beside the quote
- Lease status, occupancy date, and tenant-responsibility notes.
- Named insured details, including LLC or trust ownership when relevant.
- Photos of stairs, railings, sidewalks, pools, and other premises hazards.
- Current landlord policy declarations and loss-of-rent wording.
DP-3 vs HO-3 side by side
| Feature | HO-3 path | DP-3 path |
|---|---|---|
| Typical occupancy question | Owner occupied | Tenant occupied or eligible rental use |
| Contents focus | Household belongings | Landlord-owned contents and appliances, as written |
| Income question | Loss of use for the resident household | Fair rental value or loss of rents, if included |
| Liability focus | Household personal liability | Premises and landlord exposure |
| Key application detail | Household and owner occupancy | Lease, tenant, vacancy, management, and ownership |
These are comparison prompts, not universal form promises. Read the offered policy and endorsements.