What it does
Modifies the dwelling policy for a building under construction, setting how the limit and premium apply during construction.
Who needs it
Individuals building or substantially renovating a dwelling, including investors building rental houses.
Quoting and selling notes
- Contractors building for sale need a builders risk policy; theft of materials may need separate coverage.
Editions and availability
Current edition 12 02, replacing 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.
