Which form of the Dwelling Policy provides the broadest coverage?

The DP-3, or Special Form, provides the broadest coverage of any of the dwelling policy options. This form offers a comprehensive array of protections by covering the dwelling and other structures on an open-perils basis, meaning that it covers all risks of physical loss or damage except for those specifically excluded in the policy.

This is distinct from the other forms, which have more limited coverage. For instance, the DP-1 (Basic Form) offers coverage for specific named perils only and does not provide as extensive protection. The DP-2 (Broad Form) improves upon this by covering a wider range of named perils, but still does not match the openness of the DP-3's general coverage. The DP-4 (Modified Coverage Form) has even more restricted coverage options, tailored for unique property situations, but lacks the comprehensive protections afforded by the Special Form.

By opting for the DP-3, policyholders gain the advantage of broader coverage, making it a favored choice for many looking to protect their dwelling effectively.