Florida investment new builds, rental properties, and vacant homes under construction often qualify for a DP‑3 Dwelling Fire policy instead of Builder’s Risk. DP‑3 is the correct form when the home will not be owner‑occupied, and several carriers allow DP‑3 to be written during construction under their Dwelling‑Under‑Construction guidelines.
I write DP‑3 policies for vacant new builds, rental homes, investment properties, and Airbnb‑ready construction across Florida. If your lender prefers DP‑3 or your builder’s quote seems high, I can help you secure the correct policy and keep your closing on schedule.
You’ll receive a free, no‑obligation DP‑3 new construction quote from me right away.
To get started, just answer the questions below or call 352‑200‑2066. I look forward to helping you secure the right coverage and keeping your build and closing on track.
Your information is kept private and is only used to provide your Florida DP‑3 new construction quote.
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- Home will be rented, vacant, or investment‑owned
- Carrier supports Dwelling‑Under‑Construction DP‑3
- Construction is progressing normally
- Lender accepts DP‑3 instead of Builder’s Risk
- Insured name and mortgage clause match the loan
- Carrier does not offer DUC DP‑3
- Lot has not been cleared (old slab, framing exist)
- Builder requires Builder’s Risk for contract compliance
- Lender requires Builder’s Risk for underwriting
- Renovations of Existing Structures or not ground-up
1. Can I insure a home under construction with DP‑3?
Yes — if the carrier offers Dwelling‑Under‑Construction DP‑3.
2. Do lenders accept DP‑3 during construction?
Many do. I confirm lender requirements before binding.
3. Is DP‑3 cheaper than Builder’s Risk?
Often yes. DP‑3 usually has lower premiums.
4. Does DP‑3 cover theft of materials?
Yes, when written under the DUC option.
5. When does DP‑3 convert to a standard policy?
At Certificate of Occupancy.
6. What if my builder already gave me a quote?
You can shop it. I usually beat builder quotes.
7. Do I need inspections?
No inspections required for new construction.
8. What discounts apply?
Wind mitigation credits, new roof credits, and modern building code discounts.
9. Can I choose my deductible?
Yes — both standard and hurricane deductibles.
10. How fast can I get a binder?
Most binders are issued the same day.
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