Which of the following cause of loss forms provides named peril coverage

The basic causes of loss form (CP 10 10) provides coverage for the following named perils: fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action.

Which causes of loss form provides open peril coverage?

There are three commercial property forms (basic, broad and special) that identify the causes of loss (or perils) for which coverage is provided. The basic and broad causes of loss forms are named peril forms whereas the special cause of loss form is an opened peril form.

What are the 3 causes of loss forms?

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.

Which cause of loss form provides the most coverage?

The most expansive form of insurance coverage is Special Form. In policies that use the special form type of coverage, instead of the perils covered being listed, the EXCLUSIONS are listed. In other words, unless the policy states a peril isn't included, it's included and your potential loss is covered.

What are the named perils?

Named perils policies are cheaper, but they might not provide all the coverage you need. Some named perils policies cover fire, lightning, explosion, theft, and vandalism. But others cover only a single event, like earthquakes or floods.