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DP-1,2,3 PERILS QUESTIONS AND CORRECT DETAILED ANSWERS RATED A+
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DP-1 Basic Perils - ANSWERThe only perils included on a DP-1 Basic form are: 1. Fire & Lightning; and 2. Internal explosion Vandalism & Malicious Mischief and the other Extended Coverage Perils may be added by endorsement. Loss Settlement The loss settlement method for the DP-1 is ACV - Actual Cash Value. DP-2 Broad - ANSWERprovides coverage for Basic, Extended Coverage, and Additional Named Perils. Extended Coverage Perils - ANSWERThe DP-2 perils are the same list of perils used in the HO program using the mnemonic W.C. Shavver. This list of perils is also referred to as the Extended Coverage Perils. a. Windstorm b. Civil commotion c. Smoke d. Hail e. Aircraft f. Vehicles g. Volcano h. Explosion i. Riot
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- March 27, 2025
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dp 123 perils questions and correct detailed an
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dp 1 basic perils answerthe only perils included
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