• Extended coverage and V&MM coverage are automatically included
• Burglary damage
• Weight of ice and snow
• Glass breakage (as long as the building was not vacant for 60 or more days before a loss)
• Accidental discharge or overflow of water or steam (as long as the building was not vacant for 60 days before a loss)
• Falling objects (such as trees)
• Freezing of pipes
• Electrical damage
• Collapse (due to decay, vermin or insect damage, or other perils)
• Tearing apart, cracking, burning, bulging Unlike the DP-1 form, the DP-2 form settles claims on a RCV basis.
Loss of rent coverage may be included with a DP-2 policy.
If tenants are forced to move out while the landlord repairs the dwelling due to damage caused by a named peril, this coverage would reimburse the landlord for rent lost during the process.
Just like homeowners policies, there are several different types of dwelling fire coverage. DP-1 is known as the basic form, DP-2 is known as the broad form and DP-3 is known as the special form. Each provides a significantly different level of coverage.