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
2
Q
Covered causes of loss on Basic, Broad and Special forms:
A
d