Dwelling Building & Contents Basic (DP-1) Form

Question 1

DP-1 Form covers dwelling buildings, it can optionally cover personal property owned by insured.

Answer 1

1. Must be occupied by four or less families.
2. Does not have to be owner occupied

Question 2

Basic form perils covered

Answer 2

1. The three standard fire policy perils
2. (E.C) perils- W.C SHAVER
3. (V.M.M) endorsement

Question 3

Perils excluded

Answer 3

1. (4 perils excluded under standard fire policy) War, theft, neglect, civil authority.
2. (4 perils excluded under E.C endorsement) Nuclear, earth movement flood, power interruption.
3. V.M.M is excluded after premises is vacant for 30 consecutive days.

Question 4

Coverage A— Dwelling

Answer 4

Actual cash value (ACV)(appraised-coinsured).

Question 5

Coverage B— Other Structures

Answer 5

Outbuildings or Appurtenant structures- 10% of Coverage A automatically extended.

Question 6

Coverage C— Personal Property.

Answer 6

Optional, additional coverage.

Question 7

Coverage D—Rental Value

Answer 7

10% of coverage A automatically extended.