What does the DP-1 policy cover in terms of property?

The DP-1 policy, also known as the Dwelling Property 1 policy, is a type of insurance coverage specifically designed for residential properties, typically providing coverage primarily for rental properties or homes not occupied by the owner. This policy covers various aspects of property, including the dwelling itself, other structures on the property (like sheds or detached garages), personal property belonging to the insured, and loss of use in scenarios where the property becomes uninhabitable due to a covered peril.

This comprehensive coverage makes it appropriate for owners seeking to protect not just the physical structure of their home, but also the contents within it and the potential loss of rental income or additional living expenses that may arise from a loss covered under the policy.

In contrast, other options focus on more limited coverage. For example, indicating only personal property would overlook the essential coverage for the dwelling itself and any additional buildings. Focusing solely on the structure of the dwelling ignores personal property, which is also critical to an insured’s overall protection. Likewise, only addressing loss of use fails to recognize the importance of covering the actual physical structures and personal property. Thus, the range provided by the DP-1 policy aligns perfectly with choice B, which encapsulates the full breadth of coverage under this