Slide Specialty Insurance Company has filed a form, rate, and rule submission in New Jersey to launch a new Dwelling Fire DP3 program, expanding its property footprint in a market where coastal exposure remains a defining risk factor.

The filing was submitted on December 2, 2025, with requested effective dates of April 1, 2026 for both new business and renewals. As a new program, the filing reports zero policyholders and no written premium.

From a competitive standpoint, Slide explicitly positions the program as a close alternative to Narragansett Bay Insurance Company, identifying NBIC as the most relevant benchmark given its focus on coastal risks. Slide targeted an overall rate level approximately 15% lower than NBIC after adjusting for differences in expense structure and reinsurance costs, signaling an intent to compete on price while maintaining comparable coverage.

The DP3 program adopts a mix of ISO and proprietary forms covering a broad range of property-related provisions. These include hurricane percentage deductibles, equipment breakdown coverage, exclusions related to virtual currency, and specific protections for domestic violence victims, aligning the product with modern regulatory and coverage expectations.

On the pricing side, Slide’s rules rely on multiple insured-level factors, including a tier score derived from insurance score data, claims history, and the time elapsed since the most recent claim. Notably, the filing limits how insurance scores are applied: insurance score can only move an insured to a lower-rated tier after the initial policy inception period, adding a consumer-protective constraint to the pricing logic.