Which statement is true with respect to the Dwelling Special $($DP$3)$ Form Causes of Loss$/$Perils Insured Against?

The DP$3$ provides coverage on a named perils basis for the building, other structures, and named perils contents

The DP$3$ provides coverage on an open perils basis for the building and other structures, and named perils coverage on contents

The DP$3$ provides coverage on an open perils basis for personal property

The DP$3$ provides less broad coverage than the DP$2$ does