DP-1 basic policy covers which peril?

DP-1 basic policy covers which peril?

• A. Lightning Strikes
• B. Earthquakes
• C. Floods
• D. Ice damage

Answer: (A)

DP-1 is a basic dwelling policy that covers only perils that are named in the policy. In the basic form, fire and lightning (often grouped with internal explosion) are the perils covered. That explicit listing makes lightning strikes a covered peril even in the most basic DP-1, whereas earthquakes and floods aren’t included without special endorsements or separate policies, and ice damage isn’t a standard listed peril in the basic form. If Extended Coverage is added, more perils like windstorm or hail, explosion, riot or civil commotion, aircraft, vehicles, and smoke may be covered, but earthquakes or floods still require separate coverage.

DP-1 is a basic dwelling policy that covers only perils that are named in the policy. In the basic form, fire and lightning (often grouped with internal explosion) are the perils covered. That explicit listing makes lightning strikes a covered peril even in the most basic DP-1, whereas earthquakes and floods aren’t included without special endorsements or separate policies, and ice damage isn’t a standard listed peril in the basic form. If Extended Coverage is added, more perils like windstorm or hail, explosion, riot or civil commotion, aircraft, vehicles, and smoke may be covered, but earthquakes or floods still require separate coverage.