Dwelling PolicyQuestion 124 of 215
Theft of personal property is treated how under an unendorsed ISO Dwelling Property policy?
a.Covered on the same basis as fire
b.Not a covered peril unless theft coverage is added by endorsement
c.Covered only on the DP-1 form
d.Covered automatically up to a $5,000 sublimit
Explanation
Standard dwelling policies do not list theft as a covered peril. The insured may purchase a Theft Coverage Endorsement (Broad Theft or Limited Theft, depending on occupancy) to add the peril, often with sublimits on specific high-theft items such as jewelry, firearms, and silverware. This contrasts with a homeowners policy, where theft is included automatically.
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