Property Insurance FundamentalsQuestion 181 of 215
Compared with the basic form, the broad form generally adds which group of additional perils?
a.Wear, tear, and gradual deterioration
b.Falling objects, weight of ice, snow or sleet, accidental discharge of water from a plumbing or HVAC system, and freezing
c.War and nuclear hazard
d.Flood and earthquake
Explanation
The broad form keeps the basic-form perils and adds five additional perils: falling objects; weight of ice, snow, or sleet; accidental discharge or overflow of water or steam from a plumbing, heating, or air-conditioning system; sudden and accidental tearing apart, cracking, burning, or bulging of a heating or steam system; and freezing. Flood, earthquake, war, and wear are excluded on all standard forms.
Law Reference: ISO Broad Form (CP 10 20) conceptPractice all 215 questions free — no signup required.
Related questions on this topic
- A property policy that lists each peril it will cover and pays only when a loss is caused by one of those listed perils is best described as which type of form?
- Under a special-form (open-peril) property policy, who bears the burden of proving how a loss occurred when there is a dispute about coverage?
- Which list correctly identifies perils typically found on a basic-form property policy?
- Which of the following losses is most likely to be EXCLUDED on a standard commercial property special form?
- A bakery owns the building, the ovens permanently bolted to the floor, the loose mixing bowls, and the inventory of flour. For property-insurance purposes, which item is most clearly classified as PERSONAL property?
- California Insurance Code section 2051 generally defines the measure of indemnity for a partial loss to property as which of the following?
Last reviewed: · editorial process
Sen Lin, PrepPass Founder · Verified against California Property & Casualty Insurance License Exam · How we review