Which dwelling property form covers both dwelling and other structures on an open perils basis, except for specifically excluded perils?

The DP-3 Special Form is designed to provide coverage for both the dwelling and other structures on an open perils basis. This means that it covers risks and damages unless explicitly excluded in the policy. The open perils approach is more comprehensive than the named perils coverage offered by other forms, such as the DP-1 Basic Form and the DP-2 Broad Form, which only cover risks listed in the policy.

The DP-1 Basic Form primarily covers a limited number of named perils, while the DP-2 Broad Form includes a broader range of named perils but still does not extend to open perils coverage for the dwelling and other structures. The nature of the DP-3 form allows property owners to have peace of mind knowing that nearly all types of damage will be covered unless stated otherwise in the exclusions.

Additionally, while the DP-4 Comprehensive Form is not typically recognized in standard classifications for dwelling property forms, the focus on the DP-3 emphasizes the importance of choosing a policy that maximizes coverage for various potential risks to property. Therefore, the DP-3 Special Form is the correct answer as it uniquely provides an open perils coverage for the dwelling and other structures.