Which of the following has the broadest coverage under the insurance policy?

Which of the following has the broadest coverage under the insurance policy? Named Insured--The Named Insured receives the broadest coverage of all persons or organizations protected by a policy.

What is broad coverage?

The Broad Form is built to cover everything the Basic Form, and the most common perils expected. In the Broad Form insurance policy, you will also see the following coverages: Burglary/Break-in damage. Falling Objects (like tree limbs) Weight of Ice and Snow.

Which dwelling form provides the broadest coverage?

The DP-3 special form provides the broadest coverage of the three dwelling forms. It provides open peril coverage for buildings and related structures and named peril coverage for personal property.

What are insurance layers?

Layering — the building of a program of insurance coverage using the excess of loss approach. Layered programs involve a series of insurers writing coverage, each one in excess of lower limits written by other insurers.

Which clause is found in most homeowners insurance policies?

Most home insurance policies include a coinsurance clause to encourage policyholders to carry the appropriate amount of coverage. The clause does this by requiring you to insure your home for a percentage of either its actual cash value or its replacement cost value.