Under a DP-2 Broad Form Dwelling Policy, which of the following losses would be covered?
- ADamage to the dwelling caused by a flood.
- BDamage to personal property caused by an earthquake.
- CDamage to the dwelling caused by the insured's pet dog chewing through a wall.
- DDamage to the dwelling caused by a sudden and accidental tearing apart of a steam system.
Show answer & explanationAnswer & explanation
Correct answer: D. Damage to the dwelling caused by a sudden and accidental tearing apart of a steam system.
DP-2 Broad Form policies cover perils like 'sudden and accidental tearing apart, cracking, burning, or bulging of a steam or hot water heating system, or an air conditioning or automatic fire protective sprinkler system.' Earthquake and flood are typically excluded, and damage by domestic animals is also excluded.
Why the other options are wrong
- A. Flood is a standard exclusion in Dwelling policies.
- B. Earthquake is a standard exclusion in Dwelling policies.
- C. Damage by domestic animals is generally excluded from Dwelling policies.
DP-2 Broad Form Perils
The DP-2 Dwelling Policy covers all perils included in DP-1 (Basic Form) plus additional 'broad form' perils such as falling objects, weight of ice/snow/sleet, accidental discharge or overflow of water, and sudden and accidental tearing apart of heating/AC systems.
- Includes DP-1 perils (Fire, Lightning, Internal Explosion, EC, V&MM).
- Adds 12 specific broad perils, including plumbing/heating system rupture.
- Excludes common perils like flood, earthquake, and damage from animals.
Memory trick: DP-2 broadens protection, covering more than just the basics.