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Posted: Mon Aug 24, 2009 2:04 pm Post subject: Why is it that

Why is it that "basic" insurance only covers fire and lightning? Why is wind, hail, etc considered to be "broad" coverage? Does that mean that fire & lightning losses are the most likely to occur?

basillex

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Posted: Mon Sep 07, 2009 1:20 pm Post subject:

They used to refer to these as 'dwelling/fire' policys...I'm not sure if they are more common, but they are certainly (generally) more devastitating. A broader form provides more perils. _________________ ************************************ Life gaurantees a chance NOT a fair shake ********************************** FIND a way EVERY day to lighten the load of another ************************************

Lori

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Lori

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Posted: Wed Sep 09, 2009 6:49 pm Post subject:

That is incorrect Basillex. The "basic", or Form 1, policy covers much more than just fire & lightning, it covers direct loss from: 1. Fire or Lighining 2. Windstorm or Hail 3. Explosion 4. Riot/Civil Commotion 5. Aircraft 6. Vehicles 7. Smoke 8. Vandalism or Malicious Mischief The additional coverages on the "broad", or Form 2 policy are: Burglars, Falling Objects, Weight of Ice, snow or sleet, Collapse, Sudden/accidental discharge of water from a plumbing, heating, cooling, sprinkler or other system or appliance and Freezing.

Fishman

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