What does a Dp-1 insurance policy not cover?

Here’s what your DP-1 policy won’t cover: Though DP-1 insurance only covers named perils, different types of dwelling insurance policies offer more thorough protection. A DP-1 policy is the most basic form of dwelling fire policy.

What is the difference between Dp-1 and DP-3 fire insurance?

A DP-1 policy is the most basic form of dwelling fire policy. DP-2 and DP-3 policies provide more thorough protection, offering coverage for everything included in a DP-1 policy and more. DP-2 insurance covers every named peril covered by DP-1 insurance, as well as perils like falling objects, freezing, and the weight of ice or snow.

What is the difference between Dp-1 and DP-2 insurance?

DP-2 and DP-3 are also available and provide more comprehensive coverage than DP-1. A DP-2 policy covers more perils than a DP-1 and covers your property on an RCV basis. DP-3 is the most robust of the three and protects your property against all peril except listed exclusions on an RCV basis.