What is included in the "Basic Form" coverage of commercial property insurance?

The "Basic Form" coverage in commercial property insurance is specifically designed to cover named perils, which include specific risks such as fire, lightning, explosion, windstorm, and others designated in the policy. This type of coverage is foundational in commercial property insurance and provides a clear, predictable set of protections based on a defined list of covered events.

By focusing on named perils, this form of coverage allows policyholders to understand exactly what is included in their insurance, making it easier to assess potential risks and manage their insurance needs. Since not all risks are included, policyholders should carefully review the list of named perils to ensure they have adequate protection for their specific assets.

The other options reflect broader or different types of coverage that do not align with the scope of Basic Form coverage, which is why they do not accurately describe its parameters.