Which type of coverage does DP-2 offer that DP-1 does not?

DP-2, also known as the Broad Form dwelling policy, extends coverage beyond the basic protections provided by DP-1, which is the Basic Form dwelling policy. One significant difference is that DP-2 includes additional extended coverages that are not available in DP-1.

Specifically, DP-2 offers coverage for certain risks such as vandalism, theft, and damage caused by falling objects. These coverages provide broader protection and are critical for homeowners who want to safeguard their property against a wider range of potential hazards. In contrast, DP-1 primarily covers basic perils such as fire, lightning, and certain specified risks, leaving homeowners without protection against these broader threats.

This enhancement in coverage makes DP-2 a more comprehensive option for those looking for robust protection for their dwelling and its associated risks. The added coverages reflect a significant upgrade in the protection that policyholders receive, emphasizing the importance of understanding the varying levels of coverage available in different dwelling policy forms.