Under the DP-3 Special Form, personal property is covered under what type of coverage?

The DP-3 Special Form provides coverage for personal property under open-peril coverage. This means that, unless specifically excluded, personal property is protected against loss from any peril. Open-peril coverage is broader than named-peril coverage because it does not require the insured to prove that a specific named peril caused the loss.

In contrast, named-peril coverage only provides protection for risks specifically listed in the policy, which limits the range of events that can cause a loss. This distinction is crucial for understanding how coverage works under the DP-3 form, as it significantly impacts the insured's level of protection.

Comprehensive coverage typically refers to a type of automobile insurance that may provide broader protections than standard policies but is not directly applicable in the context of property insurance under DP-3. Limited coverage similarly refers to policies that provide protection for only certain risks or damages, again calling into question the extensive protection offered by the DP-3 Special Form. Understanding these nuances helps clarify the most accurate answer regarding the nature of coverage for personal property under this specific form.