What it does
Settles building losses on a modified functional replacement cost basis as described in the endorsement.
Who needs it
Older rental dwellings where the carrier offers this version.
Quoting and selling notes
- Compare with DP 05 30.
Editions and availability
Current edition 07 14, replacing 12 02. 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.
