What does a DP-3 Special Form policy cover for personal property?

The DP-3 Special Form policy offers coverage for personal property on an open peril basis, meaning it covers all risks of physical loss or damage except for those specifically excluded in the policy. This type of coverage provides a more comprehensive protection compared to other forms, such as the DP-1 or DP-2 policies, which cover limited or specific perils.

While options related to specific perils, like fire and vandalism or specific types of theft, focus on limited coverage, the DP-3 encompasses a wide range of risks, thereby offering the policyholder greater security. The mention of broad form perils in the option highlights that the DP-3 covers more than just the basic perils listed; instead, it provides protection against a multitude of risks unless they fall within the exclusions of the policy.

This extensive coverage is particularly beneficial for property owners seeking to safeguard their personal belongings from various unforeseen events, understanding the broader protection is key to utilizing a DP-3 policy effectively.