Dwelling Policy

What are dwelling policies for?

Property owners who insure a building they own but do not live in, such as rental or vacation property

What are the three Dwelling Policy forms?

DP-1 (Basic), DP-2 (Broad), DP-3 (Special)

What type of coverage is DP-1?

Named peril

What type of coverage is DP-2?

Named peril + additional named perils

What type of coverage is DP-3?

Open peril for dwelling & other structures; named peril for contents

Does a Dwelling Policy include liability coverage automatically?

No (must be added by endorsement)

What is the typical use of Dwelling Policy?

Rental dwellings / non-owner occupied homes

Maximum number of units allowed under a Dwelling Policy

4 units

Maximum number of roomers allowed?

5 roomers or boarders

Can mobile homes be insured under a Dwelling Policy?

Yes, but only under DP-1

Are farm properties eligible under a Dwelling Policy?

No

When is business use allowed under a Dwelling Policy?

If incidental, conducted by insured on dwelling premises, ≤2 employees, and no primary merchandise sales

What does “hostile fire” mean?

Fire that escapes intended boundaries or is not contained

What perils does DP-1 cover by default?

Fire, lightning, internal explosion