What Does Causes of Loss Forms Mean?

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

Causes of Loss Forms

Causes of Loss Forms

Insurance Services Office, Inc. (ISO), commercial property insurance forms that establish and define the causes of loss (or perils) for which coverage is provided. A causes of loss form is combined with one or more coverage forms, the commercial property conditions form, the common policy conditions form, and the declarations to make up an ISO commercial property policy. 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. The special causes of loss form is an all risks form; it provides coverage for loss from any cause except those that are specifically excluded. See also All risks coverage; Basic causes of loss; Broad causes of loss; Declarations; Insurance Services Office, Inc.; Named Perils coverage; Special causes of loss.

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

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