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Dwelling Fire Insurance

What is Dwelling Fire Insurance?

A standard home insurance policy typically provides general coverage against a variety of different hazards. In comparison, dwelling fire insurance provides coverage specifically for certain hazards and is usually available at a substantially lower price. At Wise Insurance Agency, we can help you determine if dwelling fire insurance is the right solution for you and help you select a policy that saves you money while also complementing your specific needs.

Despite its name, dwelling fire insurance usually covers more than just fire- and smoke-related damage. With one of these policies, you may even be able to gain coverage for hazards like vandalism, wind damage, and explosions. However, unlike standard homeowners insurance, dwelling fire insurance policies only cover the hazards listed in your policy.

What Does Dwelling Fire Insurance Cover?

Just like auto, boat, business, and homeowners’ insurance, dwelling fire insurance can help protect you from the unknown. This policy will help cover many of the same risks as a homeowners’ insurance policy, but there are various levels you may choose from including:

DP-1: Basic Form- This policy explicitly names what perils are covered during losses such as lightning strikes, fires, and internal explosions such as with a water heater or a stove. It may include optional coverage such as vandalism or damages due to hail, wind, smoke, riots, aircraft or vehicles, or other explosions.

DP-2: Broad Form- This policy is also a named perils policy, covering the same situations as DP-1 as well as more coverage including damage caused by vandalism, ice, snow, broken glass, burglary, falling objects, frozen pipes, water or steam leaks, electrical damage, collapse, and more.

DP-3: Special Form- This is an open perils policy that covers all types of damage except certain exclusions named in the policy such as neglect, intentional loss, mold, certain types of water damage, earthquakes, war, and more.

If you are looking for a full-service insurance agency in the Bartow, Lakeland, or Winter Haven, FL areas, rely on the team at Wise Insurance Agency. For more information on dwelling fire insurance, umbrella insurance, hazard insurance, or other policies, contact our team today!

​Proper Fire Protection

​While many can benefit from this form of insurance, it is not the right choice for everyone in Florida. We recommend acquiring a dwelling fire insurance policy if you:
  • Are a landlord who needs to insure the structure of your building, but not the possessions that are kept inside it by your tenants
  • Own a property that is currently under construction or undergoing renovations
  • Own a home that is not occupied consistently
  • Are the owner a home that is not associated with a high cash value, such as an older home, mobile home, or manufactured home
(863) 534-3431
1410 East Georgia Street
Bartow, FL 33830​
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