- 736
I've been comparing coverage between carriers and also types of policy.
What i noticed is that DP3 vs HO3 has almost exact coverage minus the personal property coverage.
Owner occupied 1 family
DP3
dwelling 400k
other structure 40k
personal proeprty 0
liability 500k
medical 1000
waterback up 5000/250
premium 800
HO3
dwelling 400k
other structure 40k
personal proeprty 200k
liability 500k
medical 1000
waterback up 5000/250
premium 1800
Now if all coverages are the same and the insured does want personal property, i dont see how the HO3 is superior to the DP3.
What makes the DP3 when endorsed to cover the same exact stuff (except personal property) make it more than 50% cheaper.
Everyone says DP3 is bad for owner occupied, but when endorsed with the right coverage and it comes out far cheaper, what am i missing here?
What i noticed is that DP3 vs HO3 has almost exact coverage minus the personal property coverage.
Owner occupied 1 family
DP3
dwelling 400k
other structure 40k
personal proeprty 0
liability 500k
medical 1000
waterback up 5000/250
premium 800
HO3
dwelling 400k
other structure 40k
personal proeprty 200k
liability 500k
medical 1000
waterback up 5000/250
premium 1800
Now if all coverages are the same and the insured does want personal property, i dont see how the HO3 is superior to the DP3.
What makes the DP3 when endorsed to cover the same exact stuff (except personal property) make it more than 50% cheaper.
Everyone says DP3 is bad for owner occupied, but when endorsed with the right coverage and it comes out far cheaper, what am i missing here?