Is it true that the DP-1 basic form applies coverage to property that is removed because it is endangered by a covered peril?

The statement is true because under the DP-1 basic form, which is a type of dwelling policy, there is coverage for property that is removed to protect it from imminent danger due to a covered peril. This provision is designed to prevent further damage that could occur if the property were to remain at risk.

The coverage applies regardless of whether the removal is permanent or temporary, as long as the removal is in response to a covered peril. This means that if a peril threatens the property, the policy will provide some level of coverage for the items that have been removed to safeguard them, which aligns with risk management principles in insurance.

The other choices suggest limitations on the coverage, such as needing permanence or being contingent on the specific peril. However, the basic premise of the DP-1 form is to provide support for protecting property in threat situations, making the original statement valid.