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Dwelling Fire Insurance Baton Rouge2017-11-10T17:25:48+00:00

Dwelling Fire Insurance Baton Rouge – The Brignac Group

 

Dwelling Fire Insurance

Dwelling Fire Insurance Baton Rouge

Dwelling Fire insurance is important if you own rental or investment properties, you need to protect them from a host of potential perils, including fire, lightning, vandalism and theft.

Dwelling Fire insurance Policy Basics

Despite the name, a dwelling fire insurance policy can protect your properties from much more than just fire damage.

The dwelling fire insurance coverage is very similar to a homeowners policy, with one significant difference—a dwelling fire insurance policy is created for a landlord that does not make the property his or her primary residence. If you need to insure a rental or investment property but not the personal property inside, a dwelling fire insurance policy is a smart decision.

To be eligible for a dwelling fire insurance policy, the property generally needs to be one of the following:Dwelling Fire Insurance

  • Single family home
  • One- to four-person family dwelling
  • Vacation, seasonal or second home

Differentiating the Dwelling Fire insurance Policy Types

Just like homeowners policies, there are several different types of dwelling fire insurance coverage. DP-1 is known as the basic form, DP-2 is known as the broad form and DP-3 is known as the special form. Each provides a significantly different level of coverage.

 

Dwelling Fire Insurance

DP-1: Basic Form

The basic form is a “named perils” policy (that is, the policy explicitly names what perils are covered) and covers losses due to:

  • Fire
  • Lightning
  • Internal explosion, such as a stove or water heater

There are two optional endorsements available with DP-1 coverage:

  • Vandalism or malicious mischief (V&MM)
  • Extended coverage, which includes damages due to the following:
    • Hail or windstorms
    • Other explosions
    • Riot/civil commotion
    • Aircraft or vehicles
    • Smoke
    • Volcanic eruptions

The DP-1 form is usually the form of choice for vacant homes or properties, and it may be the only option for these dwellings.

DP-2: Broad Form

The broad form is also a named perils policy and covers the same perils as the basic form, with certain additions:

  • Extended coverage and V&MM coverage are automatically included
  • Burglary damage
  • Weight of ice and snow
  • Glass breakage (as long as the building was not vacant for 60 or more days before a loss)
  • Accidental discharge or overflow of water or steam (as long as the building was not vacant for 60 days before a loss)
  • Falling objects (such as trees)
  • Freezing of pipes
  • Electrical damage
  • Collapse (due to decay, vermin or insect damage, or other perils)
  • Tearing apart, cracking, burning, bulging

Loss of rent coverage may be included with a DP-2 policy. If tenants are forced to move out while the landlord repairs the dwelling due to damage caused by a named peril, this coverage would reimburse the landlord for rent lost during the process.

DP-3: Special Form

The DP-3 form is the most comprehensive dwelling fire coverage available. It is an “open perils” or “all risk” policy, which means real property (dwelling and other structures) will be covered for all types of damage, except those exclusions named in the policy. However, damaged personal property (all the items inside the dwelling and other structures) is covered on a named perils basis.

DP-3 form exclusions vary, but will typically include some or all of the following:

  • War
  • Water damage
  • Laws and ordinances
  • Neglect
  • Intentional loss
  • Mold, rust, rot and other gradual losses
  • Certain types of water damage
  • Earth movement, such as earthquakes
  • Governmental action

Which Form is Right For You?

All three dwelling fire insurance policy forms can be valuable, depending on what kind of property is being insured.

DP-1 coverage is ideal for vacant buildings, as the other two policies will not cover such structures. It only offers the very basic coverage to a landlord.

Whether you choose a DP-2 or DP-3 policy depends on several things—cost, perils covered and ACV versus RCV—but a cost-benefit analysis should always be conducted before purchasing a dwelling fire policy. We can help you do just that—contact us at The Brignac Group to learn more about what type of dwelling fire policy is right for you.  At The Brignac Group, we are the final piece to your dwelling fire insurance puzzle.

We have the most affordable dwelling fire insurance Baton Rouge rates available – (225) 292-1100

 

Contact The Brignac Group

Purchased an older home that was totally remodeled recently.  Unlike other companies, The Brignac Group was able to use a construction date of 2017.  A huge savings in insurance cost!

Neal from New Orleans, LA

I have been a client of The Brignac Group for many years.  I recently got married.  My spouse was insured elsewhere.  We bundled our home, auto, boat, and RV insurance.  Happy to say The Brignac Group is our agency of choice.

Lynn from Lafayette, LA

During the aftermath of the Great Flood of 2016, my agent was present when my claims adjuster visited my home to assess the damages.  My agent was involved every step of the way during the remodel process.  Thank you The Brignac Group for going above and beyond in helping me.

Dennis from Denham Springs, LA

I posted a comment on social media on how my current insurance company increased my auto premium and I was looking to shop around.  Many comments suggested calling The Brignac Group.  I’m glad I did.  Save me thousands of dollars!

Beverly from Baton Rouge