Winter Home Insurance Checklist To Follow

Singh Insurance and Financial Services LLC offer coverage to the Clermont, FL community. Providing excellent customer service is one of our top priorities. We help our clients assess their options and find the right policy for their situation. We look forward to assisting you and hopefully establishing a long-lasting relationship.

Winter Home Insurance Checklist To Follow

Home insurance helps you protect one of your most valuable assets. The policy covers any damage to your property and your personal items. You are also covered if your property is vandalized or your personal items are stolen. Liability coverage is an asset. You are covered if you cause damage someone else’s property or if someone gets injured while they are visiting your home. While the area of Clermont, FL is always at risk of severe weather, planning for winter may not be high on your list of priorities. However, an accident may occur when you least expect it. Here are some winter home insurance tips to consider.

Renovations

If you plan to or have recently completed some renovations to your home, amend your policy. Once you add extra coverage, you are protected if severe weather damages your recent additions.

Rental Property

When the weather becomes too uncomfortable, perhaps you have a rental property that you reside in until things heat back up. If you plan to stay in your rental property during the winter, make sure that you are covered if an accident happens.

Luxury Items

If you have valuable luxury items inside your home, make sure that you add extra coverage to be protected if those items are damaged due to inclement weather. If you plan to take any personal items with you to your rental property, those items are covered if they are stolen.

Singh Insurance and Financial Services LLC Will Help You Cover Your Assets

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Everything You Need To Know About DP1 and DP3 Home Insurance Policies

Everything You Need To Know About DP1 and DP3 Home Insurance Policies by Singh Insurance and Financial Services – Central Florida

DP1 and DP3 are two types of dwelling fire policies. The DP1 policy is used for vacant property insurance and this option offers the minimum coverage amount. The DP3 is used for landlord insurance where the homeowner rents out the property, but does not actually live there.

In the DP1 policy, the house structure is insured at cash value, not at the replacement cost. This means that if your home burns down, you are most likely not going to get a full home back, but instead you will receive a check that compensates you for the depreciated value of the house.


The DP1 also only covers “named perils” – which means it only covers the hazards or risks listed in the policy. These are usually:
● Fire, Smoke
● Wind, Hail
● Lightning
● Explosion
● Aircraft, Vehicles hitting the house
● Volcanoes
● Vandalism, Riot


This means that the DP1 could leave a lot of important things out. Here’s what the DP1 is missing that you will want to have coverage for:
● Water damage (especially here in Florida)
● Theft
● Weight of ice, sleet, or snow
● Freezing pipes
● Appliance-related damage
● Falling objects, falling trees
● Power surge


The DP3 is usually an open perils policy. This means that everything listed above would typically be covered unless your policy documents state exclusions. An open peril policy generally is given for all types of damage outside of the perils not included in the policy documents. It is very important to read your policy documents to understand what specific coverage you have.

The most common exclusions in an open peril policy are…
● Flooding
● Mold
● Replacement Costs
● Personal Umbrella
● Sewage Backup / Sump Pump
● Identity Theft
● Home Sharing
● Lateral Lines Coverage

● Earthquakes
● Home Daycare


If you are wondering what is NEVER covered in DP1 or DP3 policies, here is a general list:

● Pollutants
● War
● Cracking
● Damage By Government
● Wear & Tear
● Vandalism On A Vacant Property
● Snow On Outdoor Property
● Birds, Vermins, Insects
● Power Interruption
● Intentional Losses
● Vacant / Freezing
● Nuclear Hazards

While this topic may be confusing, just remember…if someone is living in the home full time and you are renting it out in a landlord arrangement, you will need a DP3. If the home is vacant and will remain empty for the next 30 days, you will need a DP1 policy.


For more information about these policies or for questions on your existing policies, contact our team of Insurance Experts today!