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Spotlight: Expand Your DP3 Opportunities with Orchid
Primary residences aren’t the only properties that need thoughtfully tailored coverage. Whether your client has a short-term beachfront Airbnb or a seasonal home awaiting the family’s next retreat, Orchid’s DP3 product helps place more business that doesn’t suit a standard primary home solution. Tenant-occupied and temporarily unoccupied homes deserve coverage that safeguards the structure against risks such as fire, lightning, and other covered perils, so your client has peace of mind that their property is protected year-round. Discover Orchid’s DP3 product details below and quote in Marketplace today!
DP3 Product Details
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Up to a 4-unit residence
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Landlord rental coverage
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Long-term and short-term rental rented 26+ weeks out of the year
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Short term rental acceptable for Airbnb, VRBO, professionally managed properties
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Nightly rentals allowed
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Secondary homes with rental that are rented less than 26 weeks out of the year
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Vacant or vacant for sale
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Must have centrally monitored fire and burglar alarms to be eligible
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X-Wind and Wind Only available
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Limits up to $50M TIV
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Minimum Coverage A starts at $100,000 (may differ by state)
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Multiple entities allowed with liability, wind, and replacement cost
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Primary named insured flexibility
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LLCs, corporations, partnerships, and individuals acceptable if they match the deed to the property
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One premise per policy
Need Help With Marketplace?
Check out our Marketplace Resource Center for recorded training videos and FAQs. If you would like to attend a live training session where you can ask questions and review Orchid's products, systems, and processes, join us next Wednesday, May 27th, at 10:30 AM ET by registering here or choose another date that fits your schedule!
If you have any questions or need assistance, reach out to your designated Agency Development Manager or call us at 866-370-6505.