Which of the following statements about Dwelling Property 3 (special form)is (are)true?
I.Personal property is covered on an "open perils" (all risks)basis.
II.The dwelling and other structures are covered only for those perils specifically named in the policy.

Question

Quizplus · Accepted Answer

Dwelling Property 3 (special form) provides "open perils" coverage for the dwelling and other structures, meaning it covers all risks except those specifically excluded. Personal property, however, is covered on a "named perils" basis, not "open perils."

Which of the Following Statements About Dwelling Property 3 (Special