Which type of policy is known for covering a dwelling under construction?

The type of policy known for covering a dwelling under construction is the dwelling property (DP) policy with theft endorsement. This coverage is specifically designed for properties that are not yet complete, providing important protections during the construction phase.

A dwelling property policy typically covers structures that are not occupied or for which standard homeowner policies may not apply. By adding a theft endorsement, the policy further safeguards the property from potential theft of materials or equipment that could occur during the construction process.

Standard homeowner's policies do not usually cover homes under construction, as they are intended for completed residences that are occupied. Similarly, the other forms of DP policies mentioned, while they may address certain aspects of a dwelling's protection, do not specifically focus on the unique risks associated with a structure that is still being built. The coverage provided by a DP policy with theft endorsement is crucial for addressing the vulnerabilities that come with ongoing construction, making it the most suited option for this scenario.