An investor owns a duplex rented to two tenant families and wants the broadest property coverage on the building itself. Which dwelling form is the best fit?
Explanation
A duplex (two-family dwelling) rented to tenants is eligible for the Dwelling Property program because it has four or fewer units. To get the broadest building protection (open-perils with replacement cost subject to 80% coinsurance), the DP-3 Special Form is the best fit. DP-1 is the most limited. HO-4 and HO-6 are tenant and condominium forms designed for occupants, not building owners.
Law Reference: ISO DP-3 Special FormThis topic, taught in full in the California Property & Casualty Broker-Agent guide. California Property & Casualty Broker-Agent Study Guide — 2026 Edition — PDF + EPUB, $24.99 · 14-day refund →
Practice all 531 questions free — no signup required.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Related questions on this topic
- To collect full replacement cost on a partial loss to the dwelling under DP-2 or DP-3, the insured must carry insurance equal to at least what percentage of the replacement value?
- Theft of personal property is treated how under an unendorsed ISO Dwelling Property policy?
- Under the ISO Dwelling Property forms, after how many consecutive days of vacancy will certain perils such as vandalism, glass breakage, and water damage be excluded?
- A landlord's rental house is damaged by a covered fire and is unrentable for four months while it is repaired. Which coverage pays the landlord for the rent that would have been collected?
- Compared to DP-1, the DP-2 Broad Form adds which group of perils to the dwelling coverage?
- Which of the following losses to a dwelling would be excluded under all three ISO Dwelling Property forms?
Last reviewed: · editorial process