What additional coverage can be added to the DP1 form for an extra premium?

The additional coverage that can be added to the DP1 form for an extra premium is the Extended Coverage Endorsement. This endorsement enhances the basic coverage typically provided by the DP1, which is a dwelling policy that primarily covers fire and a few other specific risks. The Extended Coverage Endorsement broadens this coverage to include a wider range of perils, such as windstorm, hail, explosion, riot, and civil commotion, among others.

This is relevant for policyholders looking to protect their dwelling against additional risks that may not be covered under the standard policy. By purchasing the Extended Coverage Endorsement, homeowners can ensure they have a more comprehensive level of protection for their property, making it a valuable option in areas where such risks are prevalent.

On the other hand, options like earthquake coverage and flood coverage typically require separate specialized policies or endorsements and aren't always available under a standard DP1 policy. Fire insurance is already included in the DP1 policy as the fundamental coverage, making it less relevant as an additional purchase option on this specific policy form.