Which peril is covered under the DP 1?
Understand the Problem
The question is asking about the specific perils that are covered under the DP 1 (Dwelling Policy 1). This relates to insurance coverage and the types of damages or losses that can be claimed under this policy.
Answer
Nine named perils: fire, lightning, internal and external explosions, windstorms, hailstorms, smoke, aircraft, vehicles, and volcanic eruptions.
The DP1 policy covers nine named perils: fire, lightning, internal and external explosions, windstorms, hailstorms, smoke, aircraft, vehicles, and volcanic eruptions.
Answer for screen readers
The DP1 policy covers nine named perils: fire, lightning, internal and external explosions, windstorms, hailstorms, smoke, aircraft, vehicles, and volcanic eruptions.
More Information
The DP1 policy is often chosen for vacant homes or rental properties due to its basic and affordable nature, covering essential perils.
Tips
DP1 policies cover specific named perils; unlike DP3, which offers broader coverage. Always check what each policy includes.
Sources
- What's a DP1 insurance policy? - kin.com
- DP-1 Policy in Landlord Insurance - Steadily - steadily.com
- What Is a DP-1 Home Insurance Policy? | Explained by Hippo - hippo.com
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