What does the DP-1 (Basic form) primarily cover?

The DP-1, also known as the Basic Form, primarily covers named perils, which are specific risks that are explicitly listed in the policy. This form provides coverage for certain types of damages including fire, lightning, and internal explosion, among others. However, the coverage is limited to the perils stated in the policy, and internal explosion is one of the named perils included.

This makes the accurate description of the DP-1 that it covers named perils without encompassing broader coverage that includes all possible types of damage or perils, such as in more comprehensive forms (like the DP-2 or DP-3). Therefore, it does not provide blanket coverage for all perils or solely limit itself to fire-related damage. It specifically focuses on enumerated risks and does not cover unspecified risks beyond those that are outlined in the policy.