Georgia Adjuster Practice Test

Which of the following property insurance cause of loss forms provides coverage for all risks of loss?

1. Basic

2. Broad

3. Special

4. Named Perils

The correct answer is: Special

The Special cause of loss form is designed to cover all risks of loss except those explicitly excluded in the policy. This comprehensive coverage means that unless a loss is specifically mentioned as not covered, it is assumed to be covered under the Special form. This type of policy provides the most extensive protection compared to other forms, such as Basic, Broad, and Named Perils, which limit coverage to specific instances of loss or damage. Basic and Broad forms typically provide coverage for a predefined list of perils, so they do not offer the same breadth of protection as the Special form. Named Perils specifically cover only the risks that are named in the policy, further limiting coverage. Therefore, the Special form stands out as the option that offers the broadest protection, making it the correct answer.