What is the broad causes of loss form?
The broad causes of loss form (CP 10 20) provides named perils coverage for the perils insured against in the basic causes of loss form (fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, volcanic action), plus the following ...
Which of the following perils are covered in the causes of loss basic form?
There are three causes of loss forms: the basic, broad, and special causes of loss forms. The basic and broad causes of loss forms are named perils forms; they provide coverage for loss from only the particular causes that are listed in the policy as covered.
What are the 3 causes of loss forms?
Broad named perils insurance provides coverage for a specific list of events. This type of policy covers a broad range of risks, including fire, theft, vandalism, and wind damage. This type of policy is often less expensive than a policy that covers a narrower range of risks.