DWELLING FIRE

Definition

Alternative forms to homeowners policies that may be used to insure physical damage to dwellings and personal property. These policies offer narrower coverage at what's typically a substantially lower price compared to standard homeowners forms.

There are three dwelling property forms in the Insurance Services Office, Inc. (ISO), forms portfolio: the basic form (DP 00 01), the broad form (DP 00 02), and the special form (DP 00 03).

The basic form covers only damage from fire, lightning, and internal explosion, but additional perils can be covered by endorsement. The broad form covers direct damage to dwellings and personal property on a broad named perils basis. The special form covers direct damage to dwellings and appurtenant structures on an all risks basis while covering personal property on a broad named peril basis.