What it does
DP DS 01 is the sample declarations page ISO introduced in the 2014 dwelling revision with a simplified layout; DP DS 02 is the companion additional-dwelling declarations. ISO submitted both for information only, so carriers may reformat them.
Who needs it
Every dwelling policy; agents use it to confirm the policy form, perils purchased (for DP 1, extended coverage and vandalism) and the endorsements attached.
Quoting and selling notes
- Check that every rental location is listed and that liability is provided somewhere (DL 24 01 or another policy).
- Confirm the perils actually purchased on a DP 1, since extended coverage and vandalism are optional there.
Editions and availability
Current edition 07 14. 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.
