Which statement about ice damage under DP-3 is true?

Prepare for the New Jersey Title Agent Exam. Utilize flashcards and multiple choice questions, each equipped with hints and detailed explanations. Boost your confidence and get ready for your title agent licensing exam!

Multiple Choice

Which statement about ice damage under DP-3 is true?

Explanation:
Ice damage is not covered under DP-3 by default. This form insures the dwelling on an open-peril basis, but it carries exclusions, including losses caused by ice, snow, or sleet. Unless an endorsement provides otherwise, ice damage is excluded, so it isn’t paid from the dwelling limit.

Ice damage is not covered under DP-3 by default. This form insures the dwelling on an open-peril basis, but it carries exclusions, including losses caused by ice, snow, or sleet. Unless an endorsement provides otherwise, ice damage is excluded, so it isn’t paid from the dwelling limit.

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