Which of the following is NOT a difference between the Dwelling policy and Homeowners policy?

The statement identifies a key aspect of the Dwelling and Homeowners policies, focusing on the nature of theft coverage. In Dwelling policies, theft is not considered a broad form peril; instead, it is generally covered under a more limited scope unless specific endorsements are added. Homeowners policies, on the other hand, provide broader coverage for theft as a named peril, treating it within a more substantial context of personal property protection.

The distinctions highlighted in the other options illustrate meaningful differences between the two types of policies. For instance, personal property coverage in Dwelling forms is indeed optional compared to the Homeowners policy, where it is typically included. Likewise, liability coverage is contingent on endorsements for Dwelling policies, while it is inherently part of Homeowners policies. Finally, the limitations on personal property coverage away from the insured premises significantly differ, with Dwelling policies providing less comprehensive options compared to Homeowners policies, which cover personal property globally.