What is included in the Special Form (DP-3) coverage?

The Special Form (DP-3) coverage is designed to provide a comprehensive level of protection for the insured property. This form includes coverage for all standard perils, as well as any optional perils that the policyholder may choose to add. The DP-3 is notably a "open peril" policy for dwelling coverage, meaning it covers all risks except for those specifically excluded in the policy. This makes the DP-3 a robust option for homeowners who want a broader range of protection for their property against unforeseen incidents.

In contrast to other options, such as liability coverage, which is separate from property coverage, the inclusion of both standard and optional perils underscores the extensive nature of protections available under the DP-3. Additionally, this policy does not limit the coverage to basic automatic perils, as it allows for a wide range of additional protections, making it a preferred choice for many property owners looking to secure their assets fully.