Residential · 1–4 Unit

Single-Family Rental Insurance, Done Right.

For NJ landlords with one rental house or ten. The right Dwelling Fire form, the right liability stack, the right loss-of-rents limit — coordinated, not patched together over the years.

Quote an SFR → DP-1 vs DP-3
The coverage stack

What we put on an SFR rental property.

This is the program structure for a typical NJ single-family rental. Required lines are required by the program (or by your lender); recommended lines we strongly suggest; optional lines we add when the property profile warrants.

Dwelling Fire (DP-3) The foundation. Open-peril, replacement cost on the structure. We almost always write DP-3 — not DP-1. Required
Personal Liability Built into the DP form. We raise the limit to $1M and write umbrella over it. Required
Fair Rental Value Loss of rents during the period of restoration. We size it to the current rent, not the rent when you bought the policy. Required
Ordinance or Law Code-upgrade costs after a covered loss. Critical on pre-1978 NJ housing stock. Typically 5–15% additional premium. Recommended
Personal Umbrella / Commercial Umbrella $1M–$5M sitting over the DP, auto, and (if applicable) other landlord liability. The cheapest seven-figure protection in P&C. Recommended
Flood (NFIP / Private) If your property is in an A or V zone, flood is required by the lender. Worth carrying in X-zones too — most flood claims by count come from X-zones. Recommended
Equipment Breakdown For SFRs with central HVAC, well pumps, or septic systems. Cheaper than the first compressor that fails. Optional
Service Line Coverage Buried utility lines from the curb to the house — water, sewer, electric. Standard property excludes these. Optional
Three real-shape SFR landlords

What a typical placement looks like.

Three SFR landlords we'd write tomorrow. Premiums and limits below are representative — your specific quote depends on the property, claim history, and carrier appetite.

Profile A

Retired couple, one rental in Hunterdon

$425K replacement cost. 1980s construction. Long-term tenant. No claim history. Suburban quiet street.

Form DP-3 Dwelling $450K RC Liability $1M Umbrella $1M Annual premium ~$1,150
Profile B

Mid-portfolio investor, 6 SFRs in Burlington + Mercer

Six rentals scheduled on one policy. 1950s–1990s construction. Mixed claim history (one water-damage claim in 2022). One property in X-zone but near a creek.

Form DP-3 scheduled Per-property RC $320K–$510K Liability $1M/$2M GL Umbrella $3M Annual premium ~$6,400
Profile C

Shore SFR, year-round tenant, Monmouth

$650K replacement cost. Post-Sandy zone. NFIP + private flood. Coastal underwriting realities.

Form DP-3 Wind deductible 2% NFIP flood $250K Private flood +$400K Annual premium ~$4,800

One quote, the whole stack. Pete's intake asks the right questions for SFR placement — property age, construction, claim history, current rent, lender requirements — and routes to the right carrier on the first pass. Most SFR quotes come back within 24–48 hours.

FAQ

Common SFR questions.

Can I use my homeowners policy if I'm renting out a property I used to live in?

No. Once a property is rented to a tenant, homeowners liability typically excludes commercial rental use, and the property side often won't respond to a tenant-caused loss. You need a Dwelling Fire (or commercial property if it transitions). Switch as soon as the lease starts.

What if I'm renting to family below market?

If you're collecting rent at all — even below-market family rent — the property is a rental from an underwriting perspective. Same Dwelling Fire form, same considerations.

Do I have to require renter's insurance from my tenant?

Not by law, but yes by best practice. Your lease should require it. Your DP form doesn't cover their belongings; you don't want to be the de facto insurer of their stuff.

What about a property I plan to rent on Airbnb?

Standard Dwelling Fire excludes short-term rental commercial use. You need an STR-specific endorsement or a purpose-built STR form. See Short-Term Rentals.

One rental or ten. Same program. Same standards.

We write SFR landlords across all 21 NJ counties. Most quotes come back in 24–48 hours. Some carriers same-day.

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