On what form is the DIC typically written?

The correct choice relates to the fact that DIC, or Difference in Conditions insurance, is primarily designed to fill gaps in coverage that conventional property insurance might leave. It specifically addresses risks that are not covered by standard policies. DIC policies are often written on a named perils basis, which means they cover specific risks that are explicitly stated in the policy. This is distinct from an "All Risks" form, which provides broader coverage by covering any risks not specifically excluded.

A named perils approach allows policyholders to understand exactly what risks are protected under their DIC policy, making it clear and precise. The risks typically covered under a named perils policy can include things such as flood or earthquake, depending on the specifics of the policy and the jurisdictions involved.

So, when discussing DIC policies, it's essential to recognize that they are structured to address particular perils that would otherwise leave a significant exposure. This differentiates DIC from broader coverage forms, like those that might encompass all risks or comprehensive options.