What kind of coverage does the Broad Causes of Loss Form include?

The Broad Causes of Loss Form includes coverage that expands upon the Basic Causes of Loss, adding additional perils that are not covered under the basic form. This is important because the coverage extends to include falling objects and water damage, among others, which account for common risks in commercial properties.

In addition to providing coverage for the basic perils (such as fire, lightning, explosion, and windstorm), it recognizes the realities of everyday risks that property might face. Falling objects is a significant concern, particularly in environments where goods are stored or where equipment could pose a risk. Water damage from bursting pipes also represents a frequent claim in commercial properties, making this coverage essential for comprehensive risk management.

While the Basic Causes of Loss covers a limited range of risks, the Broad form significantly broadens this, making it more suitable for businesses that want to ensure they are protected against a wider array of potential damages. Thus, the assertion that it includes basic causes plus falling objects and water accurately reflects the enhancements provided by the Broad Causes of Loss Form.