Rental property insurance, landlord insurance, DP-3 insurance…whatever you want to call it you need it in most situations.
If there is mortgage on the property you’re going to need a DP-3 policy. This is a policy for someone who rents out a home they own or 2-4 family home. The type of landlord insurance policy you get depends on what time of home you have. If you have a condo you’ll be able to get an affordable HO-6 “Condo Rented to others”. However, an owner-occupied 3-Family would go on a DP-3 with Progressive and an HO-3 with Concord Insurance. Typically with Foremost you can select what type of form you want the policy on.
I know, so many numbers and letters how do you make sense of it all? Well, the good news is you don’t. Premier Shield Insurance agents are expert homeowner insurance agents. We’ve been doing it for many years and we understand the home insurance market in Massachusetts. If you have multiple properties it’s probably going to make sense for you to work with an independent agent.
Call us at1-774-847-7746 to learn more about Landlord Insurance in Connecticut and Massachusetts.
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