Final answer:
A Theft Coverage Endorsement is used to add personal property theft coverage to a DP2 policy, offering protection for the homeowner's personal belongings against theft, which is not automatically included in the standard policy.
Step-by-step explanation:
The endorsement typically used to add personal property theft coverage to an owner-occupied DP2 policy is called a Theft Coverage Endorsement. This endorsement specifically allows the homeowner to include coverage for the theft of personal property, which is not automatically covered under a standard DP2, also known as a Dwelling Fire Form 2 policy. The DP2 is a named perils policy that generally covers damage from specific sources such as fire, lightning, and wind but does not include theft. By adding the Theft Coverage Endorsement, policyholders can have greater peace of mind knowing that their personal belongings are also protected against the risk of theft. It’s essential for homeowners to discuss the specifics of this endorsement with their insurance agents to understand the scope of coverage and ensure that their personal property is adequately protected.