WebSep 4, 2016 · Form No. 2 (HO-2) refers to homeowners insurance that provides protection over the dwelling and other structures, whether attached or detached, and personal … WebThere are three different types of dwelling fire insurance policies, classified from the most basic to the most comprehensive: DP-1, or basic form DP-2, or broad form DP-3, or special form DP-1 and DP-2 policies are “named peril policies” because they offer protection only against the risks that are listed (or “named”) in your policy.

Dwelling Definition & Meaning Dictionary.com

WebThe broad form covers direct damage to dwellings and personal property on a broad named perils basis. The special form covers direct damage to dwellings and appurtenant structures on an all risks basis while covering personal property on a broad named peril … WebA higher premium a Broad Form coverage form is available which includes coverage for the Basic coverage form perils plus coverage for the following perils: property damage by burglars (not theft of property), falling objects, weight of ice, snow or sleet, accidental discharge of water or steam, sudden cracking of a steam or hot water heating … oo gauge lighthouse

Chapter 4 Exam Flashcards Quizlet

WebSep 6, 2024 · Broad form policies provide comprehensive coverage for the dwelling, and named perils coverage for the contents. Example Kalisha owns a house, one that she’s … WebBasic Broad Special Broad Form Special Form Comp. Form Modified Form Contents Unit Owners Occupancy Requirements: Occupancy Requirements: Occupancy Requirements: Occupancy Requirements: ... Coverage A - Dwelling Included Included Included Included Included Included Included None Limited Coverage B - Other Structures (10% of A) … WebDP–1 Basic Form. b. DP–2 Broad Form. c. DP–3 Special Form. d. DP–4 Liability Form. C The DP-3 Special form covers the dwelling and other structures on an open peril basis which covers all perils except the perils specifically excluded. oo gauge laser cut engine shed