Mangrove launches DP3 dwelling fire product across Florida

Mangrove Property Insurance Company has rolled out a DP3 dwelling fire program statewide in Florida, expanding options for landlords and owners of seasonal, secondary, rental and investment properties. The launch gives independent agents another tool for hard-to-place residential risks, including older homes and rentals with different water damage coverage choices.

Why it matters: - Mangrove’s new DP3 program broadens coverage choices for Florida property owners who need insurance for rental homes, seasonal residences and investment properties. - The launch also gives independent agents another admitted-market option for a segment of Florida housing that can be difficult to insure. - The product is aimed at a state where property risk, water damage exposure and rental demand can vary widely by location and property use.

What happened: - Mangrove Property Insurance Company launched its DP3 Dwelling Fire insurance product across Florida on October 29, 2026. - The program is available statewide for eligible properties. - The product is designed for landlords and owners of seasonal, secondary, rental and investment properties. - Mangrove said the launch expands coverage options for independent agents serving Florida property owners.

The details: - The DP3 program includes annual rental and short-term rental options. - Older homes are eligible, subject to underwriting guidelines and policy terms. - Policyholders can choose full or limited water damage coverage. - Coverage remains subject to policy terms, conditions, exclusions and underwriting eligibility. - Mangrove said the program is well suited for landlords protecting rental properties and other residential risks. - The company has underwritten and managed a meaningful assumption portfolio of DP3 policies since the first half of 2025. - The new voluntary DP3 program builds on Mangrove’s voluntary homeowners’ program. - Mangrove’s Florida agent network spans all 67 counties.

Between the lines: - The launch suggests Mangrove is using a specialty dwelling product to widen its reach beyond standard homeowners coverage. - The focus on older homes, seasonal properties and rentals points to a strategy built around Florida’s diverse and often nonstandard housing market. - CEO Stephen Weinstein said the expansion is intended to strengthen Mangrove’s role with independent agents and customers.

What's next: - Mangrove will market the voluntary DP3 product to independent agents as an added solution for Florida property owners. - The company said the launch should support broader coverage capacity for more types of residential property risks. - More information, including agency appointment requests, is available here. - Mangrove also directs readers to its LinkedIn page for social updates.

The bottom line: - Mangrove is expanding its Florida product lineup with a flexible dwelling fire option built for landlords and owners of non-primary residences.