Which policy is suitable for people renting a dwelling occupied by 4 or fewer families?

The DP-1 Form, also known as the Dwelling Policy - Basic Form, is specifically designed for properties that are rented to tenants and occupied by one to four families. This type of policy provides essential coverage specifically tailored for landlords renting out their properties.

It covers basic perils such as fire, lightning, and internal explosions, which are crucial for protecting the landlord’s property from these common risks. For properties housing four or fewer families, this policy serves as an adequate option, as it provides coverage without requiring the more comprehensive features that might be unnecessary for smaller buildings or rental situations.

In this context, renters and landlords benefit from using a policy that is appropriate to the nature of their arrangement. The DP-1 Form recognizes the unique requirements associated with managing smaller, multi-family dwellings effectively, making it the most fitting choice among the options provided.