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

Question

Quizplus · Accepted Answer

Dwelling Property 3 (special form) covers the dwelling and other structures on an "open perils" basis, meaning they are protected against all risks except those explicitly excluded. Personal property, however, is covered only for named perils, making both statements true.

Which of the Following Statements About Dwelling Property 3 (Special