Iowa Property & Casualty Exam Practice 2026 - Complete Preparation

The classification of dwelling policies includes three primary forms: Basic Form, Broad Form, and Special Form. Each of these forms provides varying levels of coverage for risks associated with dwellings.

The Basic Form, often referred to as DP 00 01, offers limited coverage primarily for specific named perils, meaning that only the risks explicitly listed in the policy are covered.

The Broad Form, designated as DP 00 02, expands coverage to include a wider variety of perils compared to the Basic Form, but still operates with named perils.

The Special Form, identified as DP 00 03, provides the most extensive coverage, typically covering all risks unless they are specifically excluded in the policy.

In contrast, the Comprehensive Form (DP 00 05) mentioned in the answer choice does not exist in the standard classification of dwelling policies. Therefore, it is not recognized as a valid type of dwelling policy, which makes it the correct answer to this question. The other forms named are established types within the dwelling policy structure.