Which statement is true regarding theft coverage under the DP3 (Special Form)?

In the context of the DP3 (Special Form) policy, it's essential to understand the nuances of theft coverage. Under this form, theft coverage is indeed subject to certain conditions related to the occupancy of the dwelling. Specifically, if the property has been vacant for more than 30 days, the theft coverage is typically excluded. This provision is designed to address the increased risk of theft as properties become unoccupied for extended periods.

Thus, the statement regarding the coverage in relation to the occupancy status is accurate. If the dwelling is vacant for over 30 days, the insurance company may deny a claim for theft, highlighting the importance of maintaining occupancy or ensuring adequate security measures during periods of vacancy.

The incorrect answer options revolve around misunderstandings of the coverage terms. For instance, stating that theft is not covered at all undermines the actual provisions of the policy. Similarly, indicating that theft coverage applies only to contents misrepresents the breadth of coverage offered by the DP3, which includes the dwelling itself under certain circumstances. Hence, recognizing the specific conditions related to vacancy is crucial in understanding how theft coverage operates within the DP3 framework.