In which form of Dwelling Policy is Coverage E - Additional Living Expenses provided?

In which form of Dwelling Policy is Coverage E - Additional Living Expenses provided?

• A. Basic Form
• B. Broad Form (DP 00 02) and Special Form (DP 00 03)
• C. Form DP 00 01
• D. Basic Plus Form

Answer: (B)

Coverage E - Additional Living Expenses is included in both the Broad Form (DP 00 02) and the Special Form (DP 00 03) dwelling policies. This coverage is designed to reimburse policyholders for additional living expenses incurred when a dwelling becomes uninhabitable due to a covered loss, such as a fire or storm damage. The Broad Form offers more comprehensive coverage than the Basic Form, which typically does not include this type of expense coverage, focusing instead on the dwelling itself without provisions for temporary housing. Similarly, while the Special Form provides even wider coverage, its inclusion of Additional Living Expenses is a key feature that differentiates it from simpler policy forms which are limited in their benefits. The Basic Plus Form, too, typically does not provide coverage for Additional Living Expenses, as it generally offers enhancements to certain coverages found in the Basic Form but still lacks these specific provisions. Thus, in terms of coverage for living expenses, the Broad and Special Forms stand out as the correct options.

Coverage E - Additional Living Expenses is included in both the Broad Form (DP 00 02) and the Special Form (DP 00 03) dwelling policies. This coverage is designed to reimburse policyholders for additional living expenses incurred when a dwelling becomes uninhabitable due to a covered loss, such as a fire or storm damage.

The Broad Form offers more comprehensive coverage than the Basic Form, which typically does not include this type of expense coverage, focusing instead on the dwelling itself without provisions for temporary housing. Similarly, while the Special Form provides even wider coverage, its inclusion of Additional Living Expenses is a key feature that differentiates it from simpler policy forms which are limited in their benefits.

The Basic Plus Form, too, typically does not provide coverage for Additional Living Expenses, as it generally offers enhancements to certain coverages found in the Basic Form but still lacks these specific provisions. Thus, in terms of coverage for living expenses, the Broad and Special Forms stand out as the correct options.