What does a DP1 policy not include coverage for without an endorsement?

A DP1 policy, also known as a Dwelling Fire policy, is a basic form of homeowners insurance that typically covers specific types of risks associated with rental properties or homes that are not owner-occupied.

The coverage under a DP1 policy generally includes fire damage and other perils specified in the policy, such as volcanic eruptions, which can be crucial in areas like Hawaii where such natural hazards may be prevalent. However, a key limitation of the DP1 policy is that it does not automatically include coverage for theft unless a specific endorsement is added. Theft is not a covered peril in the standard DP1 policy, making it necessary for policyholders to take additional steps to ensure they have that protection in place.

Understanding the scope of coverage provided by a DP1 policy is essential for both adjusters and policyholders, especially when determining the need for additional endorsements to provide comprehensive protection against various risks.