Which of the following is an exclusion in the DP-3 policy?

In the context of a DP-3 (Dwelling Property 3) policy, it's important to recognize that this type of policy provides broad coverage for dwelling and personal property against various risks. However, certain perils are specifically excluded from coverage.

Flood damage stands out as a typical exclusion within a DP-3 policy. While it's essential to have coverage for potential water damages, flood damage usually requires a separate flood insurance policy, often through the National Flood Insurance Program (NFIP). The DP-3 does not cover flood damage due to the nature and scope of its coverage.

Fire damage is typically covered by a DP-3 policy, as it protects against a variety of risks, including fire. Similarly, theft is generally included as a covered peril under the personal property section. Windstorm damage, in most cases, is also covered, provided that there are no specific exclusions listed for wind damage in the policy.

In summary, the correct choice reflects the intrinsic limitations of the DP-3 policy concerning flood coverage, underscoring the need for homeowners to seek additional coverage options for flood-related risks.