A landlord who rents out a single-family house on a DP-3 asks whether theft losses to the dwelling are covered. Which statement is MOST accurate?
Explanation
Theft is not a base peril on any DP form. For an owner-occupied DP, the Broad Theft Coverage Endorsement can be added; for a non-owner-occupied (rental) dwelling, the Limited Theft Coverage Endorsement is used, with sublimits on jewelry, firearms, silverware, and similar high-theft items. Even DP-3's open-perils language applies to the dwelling structure, not to theft of personal property, and there is no automatic theft coverage.
Law Reference: ISO DP 04 72 / DP 04 73 — Theft Coverage EndorsementsThis topic, taught in full in the Personal Lines Insurance Producer guide. Personal Lines Insurance Producer — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
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