DP-3
Business & Finance abbreviation · Insurance
| Stands for | Dwelling property 3 special form |
|---|---|
| Categories | Business & Finance |
DP-3 stands for Dwelling property 3 special form, an insurance abbreviation.
Landlord policy for a rental home owned but not occupied by the policyholder, covering the dwelling on an open-perils basis and optionally fair rental value and liability.
Example: Once we rented out the old house, we had to switch from an HO-3 to a DP-3.
Usage notes
Homeowners policies generally do not cover a property rented to tenants, so landlords need a dwelling fire policy.
Related abbreviations
More insurance abbreviations
- CSL – Combined single limit
- CSV – Cash surrender value
- CTP – Compulsory third party insurance
- D&O – Directors and officers liability insurance
- DOI – Department of insurance
- DOL – Date of loss
- E&O – Errors and omissions insurance
- E&S – Excess and surplus lines
- EL – Employers' liability insurance
- EOI – Evidence of insurance
- EPLI – Employment practices liability insurance
- FIA – Fixed indexed annuity