If a dwelling has not been occupied for more than 30 days, is theft coverage applicable under a DP-3 policy?

Under a DP-3 policy, which is designed for dwelling property insurance, theft coverage has specific conditions related to occupancy. If a dwelling has been unoccupied for more than 30 consecutive days, most DP-3 policies stipulate that theft coverage is not applicable. This rule is in place because unoccupied properties can pose higher risks for theft and vandalism, leading insurers to limit coverage during such periods of vacancy.

This limitation helps insurers manage risk and protect themselves from potential losses associated with vacant homes, which may be seen as more likely targets for theft or damage due to neglect or lack of regular maintenance. Thus, after the specified period of vacancy, the insured would not receive coverage for theft, emphasizing the importance of maintaining occupancy or notifying the insurer of any extended absences to discuss potential coverage options.