Vacation homes come in all sorts, from luxury properties on a lake or golf course, to more humble cabins with that beloved squeaky screen door. Whether it’s just been purchased, or has been in the family for generations, just by being a part-time home it may not be eligible for the robust protection of the HO-3 you typically quote from your lead carrier. Or, there could be a liability concern such as a pool or an older out-building on the property that makes it hard to place.
What are your coverage choices?
Dwelling Basic (DP-1)
Essential and flexible coverage for rental and seasonal homes.
Eligibility:
- All occupancy types – rental, seasonal, vacant, owner-occupied
- No restriction on the home’s age
- Fair or better condition
- Standalone, non-residential structures
- Up to four-family construction
Popular Features:
- Named peril protection
- Actual cash value settlement
- Coverage of standalone structures
- Liability coverage
Program details vary by state. Please consult the program manual for specifics.
Dwelling Special DP-3
Comprehensive protection for short-term and occasional rentals, as well as temporary vacancies.
Eligibility:
- Rental or seasonal occupancy (owner occupancy available in some states, vacant occupancy available in AMsuite states)
- Home up to 80 years of age (60 years in some states)
- Roof up to 20 years of age
- Above average condition or better
- Single family structure up to a four-family
- AMsuite only: Schedule up to 10 homes on one policy
Popular Features:
- Covers short-term and occasional rentals
- Covers temporary vacancies
- Full replacement cost settlement
- Personal property coverage
- Loss of rent coverage
- Prior claims acceptable
Program details vary by state. Please consult the program manual for specifics.
Specialty Homeowners (HO-10)
The middle ground between basic and comprehensive coverage.
Eligibility:
- Single- or two-family construction
- Average or better condition, showing proper maintenance
- Full-time, owner-occupied residence or a seasonally used home
- No age restriction
Popular Features:
- Personal property coverage
- Named peril protection
- Actual cash value settlement
- Liability coverage
Program details vary by state. Please consult the program manual for specifics.
