CAUSES OF LOSS FORMS---BASIC, BROAD, and SPECIAL (551-3) Flashcards

1
Q

Covered causes of loss and exclusions Basic form, Broad form and Special form

A

Basic and Broad form are named perils forms – they specifically name the covered perils (puts the burden of proof on the insured.)

The Special form provides ‘all risks’ coverage. “risks of direct physical loss” unless excluded in Section B or limited in Section C. (puts the burden of proof on the insurer rather than the insured

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2
Q

Covered causes of loss on Basic, Broad and Special forms:

A

d

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