A Dwelling Fire (DP-3) policy is similar to a Homeowners policy. It is an insurance policy best suited for a residential property typically rented to others. The policy covers losses to the building’s structure, loss of use or rental Income, and customarily personal liability (this is an optional coverage). These policies also allow additional coverage through endorsements. The DP3 rental home insurance policy is considered the best insurance policy for rental properties or non-owner occupied homes.