What it does
DP 00 01 does not include additional living expense. DP 04 14 adds it for an owner-occupant. In 2014 ISO moved the "up to 25%" monthly limitation from the declarations into the endorsement.
Who needs it
Owner-occupants insured on DP 00 01.
Quoting and selling notes
- Landlords need fair rental value (Coverage D), not ALE.
Editions and availability
Current edition 07 14, replacing 12 02, 07 88. Carriers adopt ISO editions state by state, so the edition on a given policy can lag the newest one.
Program notes
Dwelling policies are written for the property owner, not the occupant, and are the usual vehicle for landlords of one- to four-family dwellings. Because the forms carry no liability coverage, review every dwelling file together with DL 24 01 (or the homeowners or commercial policy that provides premises liability), and with any personal umbrella the client carries.
