Which DP form provides open perils coverage for the dwelling and other structures?

Which DP form provides open perils coverage for the dwelling and other structures?

• A. DP 1 Basic Form
• B. DP 2 Broad Form
• C. DP 3 Special Form
• D. DP 4 Not used

Answer: (C)

Open perils coverage means the policy covers losses unless they are specifically excluded. For the dwelling and other structures, this is provided by the Special Form. It insures the dwelling (Coverage A) and other structures (Coverage B) on an open-perils basis, offering broader protection than the Basic or Broad forms, which rely on a list of named perils. The Basic form covers only prescribed perils, and the Broad form adds more named perils but still isn’t open perils for A and B. The “Not used” option isn’t a dwelling policy form. So the form that provides open perils protection for the dwelling and other structures is the Special Form.

Open perils coverage means the policy covers losses unless they are specifically excluded. For the dwelling and other structures, this is provided by the Special Form. It insures the dwelling (Coverage A) and other structures (Coverage B) on an open-perils basis, offering broader protection than the Basic or Broad forms, which rely on a list of named perils. The Basic form covers only prescribed perils, and the Broad form adds more named perils but still isn’t open perils for A and B. The “Not used” option isn’t a dwelling policy form. So the form that provides open perils protection for the dwelling and other structures is the Special Form.