How useful was this article?
How useful was this article?
DP3 Insurance, also known as Special Dwelling Insurance or Open Peril Insurance, is a protective buffer for your rented, primary owner occupied or seasonal property. It’s specifically designed to keep your home and assets safe with an open peril policy, covering a wide scope of potential risks, with a few exceptions.
Jump to section
If you own a property, and you don’t live there, it’s wise to have DP3 Insurance—it’s that simple. There are different situations included in this coverage, here are a few clarifications:
If you own a property and rent it out. You can have a lease with your tenant, ensuring regular payments (rent) and other agreements related on how both are responsible for maintaining the investment property, meeting certain legal standards, and addressing any issues that may arise during the tenancy.
If you own another home, besides your main residence, that you generally use for holidays, weekend getaways, or as a seasonal residence. This type of dwelling, also known as Vacation Home or Seasonal Home, can remain unoccupied but with your personal belongings in it.
DP3 Insurance protects the main dwelling, other structures, and rental value with a replacement cost method. It also keeps your personal belongings safe with the actual cash value method. The following list details the DP3 Insurance covered perils for personal property:
DP3 Insurance is an open peril policy that covers almost all risks a property owner may experience with a few specific exceptions in your dwelling and other structures’ standard coverage, detailed in your policy.
The cost of your DP3 Insurance depends on multiple factors such as where your home is located, its age and condition, your claims history, deductibles, and your property’s construction type, among others.
At PSIC we want to provide the right coverage for you and also keep your investment safe. We know that the more you customize your policy, the more expensive it can get, but it will also provide more protection in the event something happens. Moreover, you’ll be able to access special Landlord discounts.
Ready to explore your insurance options?
Start a quote today and let us help you find the coverage that best suits your needs.
Get monthly news and useful insights by subscribing to our monthly newsletter.
By submitting this form you confirm that you agree to PSIC’s privacy policy.
With more than 40 years of trajectory, we have the expertise to accompany you in every stage of your life.
Customer support: 800-303-5000
Claims support: 800-962-1172
5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807
Copyright © McGraw Insurance Services, L.P., Delaware L.P., 5515 E. La Palma Ave. Ste. 150, Anaheim, CA 92807, License 0K06900 / National Producer No. 17486061 The insurance policy, not the contents of this website, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions and limitations that are not detailed on this website. Coverage may differ by state.
Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
Categories of Personal Information Collected
Purposes for Collecting and Using Your Personal Information
Managing Human Resource Functions:
Conducting business operations:
Monitoring:
Compliance with:
Investigating:
We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.