Which perils are included in the DP-1 Basic Form coverage?

The DP-1 Basic Form provides coverage for specific, fundamental perils that are essential for basic property protection. The perils listed—fire, lightning, and internal explosion—are the primary risks that this type of policy explicitly covers.

Fire is one of the most common risks associated with property damage and is universally included in various property insurance policies. Lightning is also a significant risk, as it can cause direct damage to a building and its contents. Internal explosion covers damage resulting from explosions that occur within the premises, adding to the basic but crucial protections provided by this form.

The other options encompass perils that are either not included in the Basic Form or fall under more comprehensive coverage options. For instance, crime and theft are covered under different policies or forms, while earth movement such as earthquakes and floods typically require additional coverage due to their high risk and potential for extreme damage. Windstorm and hail may also be excluded or available only in more advanced forms of coverage. This distinction is essential for understanding the specific protections offered in the DP-1 Basic Form.