What form of coverage does DP-2 include?

The DP-2 form, also known as the Broad Form for dwelling insurance, covers a wider range of perils compared to the DP-1, which is the Basic Form. This includes coverage for specific named perils such as fire, lightning, explosion, windstorm, hail, vandalism, and more. The DP-2 form notably adds coverage for certain types of property damage that can occur, providing a more comprehensive insurance policy for property owners, particularly for rental properties or vacation homes.

In contrast, the Basic Form is limited in its coverage and would not provide the same level of protection as the Broad Form. The Special Form typically refers to a different type of policy that offers even broader protection, including coverage for risks unless specifically excluded. Owner Occupied is not a type of coverage but rather refers to the use of the insured property, which can be applicable to different forms but does not define the coverage itself. Hence, the DP-2's designation as a Broad Form is key to understanding its coverage options and is correctly identified as such.