Which peril is excluded on DP-3 coverage?

Which peril is excluded on DP-3 coverage?

• A. Fire
• B. Ice damage to homes
• C. Windstorm
• D. Theft

Answer: (B)

DP-3 uses an open-peril (special form) approach for the dwelling and other structures, meaning it covers damage from most causes unless the policy lists a specific exclusion. Fire and windstorm are classic perils that are clearly included under this form, and theft is typically covered as a peril as well. Ice damage, however, isn’t treated as a covered peril under the DP-3 open-peril framework and is generally excluded unless you add an endorsement. So, when a loss involves ice damage to the home, it would not be covered under standard DP-3 coverage without that endorsement in place.

DP-3 uses an open-peril (special form) approach for the dwelling and other structures, meaning it covers damage from most causes unless the policy lists a specific exclusion. Fire and windstorm are classic perils that are clearly included under this form, and theft is typically covered as a peril as well. Ice damage, however, isn’t treated as a covered peril under the DP-3 open-peril framework and is generally excluded unless you add an endorsement. So, when a loss involves ice damage to the home, it would not be covered under standard DP-3 coverage without that endorsement in place.