DP3 Insurance Coverage

[Miguel Oliviera]

Hi BP Community,

I am getting quoted on a DP3 policy for a SFR in Jacksonville, FL. Purchase price was $84k and home value is $145k. I received a quote for an annual premium of $935 for $100k of liability coverage and $3k of medical payments. My insurance broker is recommending that I get additional coverage with another carrier to get up to $300k of liability coverage.

Open to hearing your thoughts on this coverage and what should be the right amount of coverage for this house. Thank you in advance!!