What Does Broad Causes of Loss Form Mean?

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What does Broad Causes of Loss Form mean? Read on to discover the definition & meaning of the term Broad Causes of Loss Form - to help you better understand the language used in insurance policies.

Broad Causes of Loss Form

Broad Causes of Loss Form

One of the three Insurance Services Office, Inc. (ISO), commercial property insurance causes of loss forms. Causes of loss forms establish and define the causes of loss (or perils) for which coverage is provided. 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 additional perils: falling objects; weight of snow, ice, or sleet; water damage (in the form of leakage from appliances); and collapse from specified causes.

We hope the you have a better understanding of the meaning of Broad Causes of Loss Form.

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