Which of the following is not covered under a DP-1 policy?
Asked by: Shaylee Considine | Last update: September 19, 2025Score: 4.3/5 (59 votes)
What is not included in a standard DP-1 form?
Some notable perils that aren't covered by a DP1 include water damage from appliances or pipes and vandalism. As you can imagine, that leaves a lot of room for gaps. Take vandalism for example. It isn't covered, and that's a kind of damage that vacant homes are especially prone to.
What is covered under a DP1 policy?
Unoccupied properties: DP-1 insurance covers vacant properties. These plans cover the monetary worth of your home and any included buildings on your land. DP-1 insurance may provide you with the coverage you need if your property is vacant for 30 days or more.
Which of the following would not be covered under dwelling property policy?
Note: Dwelling coverage on standard policies typically won't protect against damage caused by floods, earthquakes, sewer backups, or lack of maintenance. Learn how flood insurance works and what to do if your home is damaged in an earthquake.
Which of the following is covered in the DP-1 dwelling basic form?
1. Basic (DP-1): Dwelling Fire Coverage: This Basic Form policy protects your property from fire, lightning and explosion. Fire and Extended Coverage: Dwelling fire and additional coverage from wind, hail, smoke and other perils.
What Is A DP1 Insurance Policy? - CreditGuide360.com
Which of the following is not covered under a DP1 policy?
Besides covering the mainframe of the home, a DP1 policy will cover other structures such as garages, fences, sheds, personal property, and ensuring the rental value of a building is fair. Note that water damage from pipes or appliances, as well as vandalism, are not covered.
What is not covered under the basic dwelling policy form?
The Basic Dwelling Form in Home Insurance does not include coverage for personal property and liability. These coverages must be purchased additionally based on the homeowner's individual requirements.
Which of the following is not typically covered under a property insurance policy?
Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.
What is not automatically included in a dwelling policy?
The dwelling forms do not provide coverage for liability, theft, or medical payments. However, such coverages are available through a personal liability supplement endorsement and a theft endorsement.
Which of the following is not covered under the building and personal property coverage?
Building coverage may insure items that are permanently attached to the building itself, while personal property coverage includes property that is not part of the building. Building and personal property coverage exclude land, water, plants, roadways, crops, shrubs, money, accounts, instruments, or trees.
Does DP1 cover debris removal?
A DP-1 can also provide coverage for other structures on the property, personal property usual to the occupancy dwelling; fair rental value; debris removal; and improvements, alterations and additions.
Which peril is covered under the DP-1 quizlet?
A dwelling policy 1 (DP-1) is Basic and the 3 basic perils are Fire, Lightning and Explosion (FLE). The basic extended perils are WHARVVES (Wind, Hail, Aircraft, Riot, Vehicle, Volcano, Explosion, Smoke).
What is covered by DP2 and dp3 but not DP1?
For instance, DP2 covers burglary, malicious mischief, freezing pipes, and falling objects, while DP1 does not cover these perils. However, both cover fire, lightning, smoke, riots, and damage from wind or hailstorms (see the below diagram for a comparison of both policies).
What does basic form not cover?
One of the primary disadvantages of basic form insurance is that it does not cover all possible causes of property damage or loss. For example, you may not be covered if your business suffers damage due to water or theft if those perils are not explicitly named in your policy.
Which of the following does not have a standard coverage form?
Which of the following does not have a standard coverage form in common use? Umbrella policy.
What does DP 2 cover?
A DP-2 policy covers damage caused by named perils to the property's primary structure and connected structures like fences, sheds, and detached garages.
What is covered by a DP-1 policy without the necessity of adding an endorsement?
Explanation: The basic dwelling form (DP-1) provides coverage for dwelling, coverage for other structures, and personal liability coverage. However, it does not provide coverage for additional living expenses without endorsement.
Which of the following would not be covered under a dwelling policy?
What is not covered by dwelling insurance? A standard homeowners insurance policy typically does not cover floods, earthquakes, sewer backups or damage that occurs from a lack of maintenance. You may be able to buy additional coverage or a separate insurance policy to help cover some of these additional perils.
What is excluded from a dwelling policy?
It also does not cover damage as a result of earthquakes or sewer backups. While most parts of your home will be covered under a dwelling insurance policy, a detached garage, shed, above-ground pool, and fences usually won't be.
Which one of the following is not covered by homeowners insurance?
Homeowners insurance typically doesn't cover damage from floods, earthquakes, landslides, sinkholes, wear and tear, animals or insects, or water backing up from sewers, drains, septic tanks and sump pumps.
Which of the following is not part of an insurance policy?
Final answer:
Among the provided options, the Certificate of Authority is not a part of an insurance contract. It refers to a document given to an insurance company to permit them to operate within a specific state. The Application, Policy, and Riders however, are all integral parts of an insurance contract.
Is a burst water heater covered by insurance?
Yes, most standard home insurance policies cover damages caused by sudden and unexpected water damage. This can include a burst pipe, ruptured water heater, or other plumbing malfunctions. Please note, most homeowners policies exclude damage to your home if the water damage is due to a home maintenance issue.
Which of the following is not covered by the dwelling policy DP1?
The Basic Dwelling policy automatically covers only fire, lightning and internal explosion. Hail and smoke are among the perils that may be added by an extended coverage endorsement (ECE). Theft is not covered under a DP-1 Basic Dwelling policy at all.
What is not an additional coverage under Section I of the homeowners policy?
C) Loss due to neglect is NOT an Additional Coverage under Section I of the homeowners policy.
Which of the following is not covered under the building and personal property coverage form?
However, accounts, bills, currency, deeds, evidence of debt, money, or securities are not covered under this form. These items are typically considered as financial documents or assets and are not part of the coverage for building and personal property.