California Property & Casualty Broker-AgentProperty InsuranceEasy
Which of the following perils is typically NOT covered under a standard DP-1 (Basic Form Dwelling Policy)?
- ALightning
- BFire
- CFalling objects
- DInternal explosion
Show answer & explanationAnswer & explanation
Correct answer: C. Falling objects
The DP-1 (Basic Form) typically only covers the perils of fire, lightning, and internal explosion. Falling objects would generally require a DP-2 (Broad Form) or DP-3 (Special Form).
Why the other options are wrong
- A. Lightning is a core peril covered by DP-1.
- B. Fire is a core peril covered by DP-1.
- D. Internal explosion is a core peril covered by DP-1.
DP-1 Perils
The Dwelling Policy Basic Form (DP-1) provides named peril coverage for basic risks to a dwelling. It offers the narrowest coverage of the dwelling forms.
- Covers only specifically named perils.
- Generally includes Fire, Lightning, and Internal Explosion.
- Extended Coverage (EC) perils can be added for an extra premium.
Memory trick: Basic is Bare, Broad is Better, Special is Supreme.