Property Insurance FundamentalsQuestion 181 of 53195% of test-takers answer this correctly

Compared with the basic form, the broad form generally adds which group of additional perils?

a.Wear and tear, gradual deterioration, rust or corrosion, and marring or scratching of the covered property from ordinary day-to-day use over time
b.Falling objects, weight of ice, snow or sleet, accidental discharge of water from a plumbing or HVAC system, and freezing
c.War, including undeclared war and warlike action by any military force, and nuclear hazard such as nuclear reaction, radiation or radioactive contamination
d.Flood, surface water, 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) concept

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