Episode
Property & Casualty Exam Prep 23, Dwelling Policies DP-1, DP-2, and DP-3
- Podcast
- Insurance Exam Prep
- Published
- Jun 25, 2026
- Duration seconds
- 196
- Processing state
not_requested- Canonical source
- https://open-exam-prep.com/
Actions
POST https://stenobird.com/v1/public/podcasts/insurance-exam-prep-7644557/episodes/property-casualty-exam-prep-23-dwelling-policies-dp-1-dp-2-and-dp-3/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/insurance-exam-prep-7644557/property-casualty-exam-prep-23-dwelling-policies-dp-1-dp-2-and-dp-3.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Dwelling policies are primarily for non-owner-occupied properties like rentals, whereas homeowners policies are for owner-occupied residences. - The DP-1 (Basic Form) is a named peril policy that settles losses on an Actual Cash Value (ACV) basis. - The DP-2 (Broad Form) covers more named perils than the DP-1 and upgrades building coverage to a Replacement Cost basis. - The DP-3 (Special Form) provides open peril (all-risk) coverage for the dwelling structure but retains named peril coverage for personal property. - Liability and theft are not standard coverages in any dwelling policy and must be added by endorsement. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep