Short answer: A Florida rental home should be insured on a dwelling policy, usually a DP-3, not a homeowners policy. A DP-3 covers the building on an open-perils basis and adds fair rental value (loss of rents), with landlord liability added. Nymble Insurance writes Florida single-family rentals, condos, townhouses and two-to-four-unit buildings, including LLC-owned properties. Call (813) 291-3484.
DP-1 vs. DP-3 vs. homeowners
| Form | Building coverage | Typical use |
|---|---|---|
| DP-1 | Named perils, often actual cash value | Older or lower-value rentals |
| DP-3 | Open perils, often replacement cost | Most Florida long-term rentals |
| HO-3 | Open perils | Owner-occupied homes only |
More detail: DP-3 vs. homeowners.
Coverages Florida landlords should add
- Fair rental value / loss of rents after a covered loss, such as a hurricane.
- Premises liability, plus an umbrella for multiple properties.
- Law and ordinance for code upgrades (§627.7011 applies to homeowners policies; ask whether your dwelling form offers it).
- Flood, which DP forms exclude.
Want a licensed agent to quote this for you? Free, no obligation.
Get Your Free Review →Your obligations under Florida landlord law
Chapter 83, part II sets landlord duties for maintenance and deposits. Insurance does not replace those duties, but liability coverage responds to covered injury claims. Require tenants to carry renters insurance in the lease.
Short-term vs. long-term rentals
A DP-3 is written for long-term tenants. Nightly or weekly rentals need a vacation rental policy. Between tenants, see vacant home insurance.
Landlord DP-3 Insurance FAQ
Can I use homeowners insurance on a Florida rental?
Does a DP-3 cover lost rent after a hurricane?
Can an LLC-owned Florida rental be insured?
Who writes Florida landlord DP-3 policies?
Sources
- Fla. Stat. ch. 83 part II (Residential Landlord and Tenant Act)
- Fla. Stat. §627.7011 (law and ordinance coverage)
- Fla. Stat. §627.701 (hurricane deductibles)
- FEMA National Flood Insurance Program
Educational information only, not legal advice or a coverage guarantee. Coverage depends on the policy issued. Nymble Insurance, licensed Florida independent agency, license L131669, (813) 291-3484.