89. Which of the Causes of Loss forms is considered to be 'all-risks' coverage?
Answer: D
Special is considered to be 'all-risks' coverage.
The Special Causes of Loss form provides coverage for all risks except those specifically excluded in the policy. This broad scope of coverage distinguishes it from other forms that have more limited protections.
A) Basic
The Basic Causes of Loss form offers coverage for a limited number of specific perils, such as fire, lightning, and explosion. This makes it unsuitable for those seeking comprehensive protection, as it does not cover all risks.
B) Broad
The Broad Causes of Loss form expands on the Basic coverage by including additional perils, such as water damage and weight of snow. However, it still does not encompass all possible risks, thus falling short of the 'all-risks' description.
C) Extended
The Extended Causes of Loss form provides further coverage beyond the Basic and Broad forms, but it still does not cover every possible risk. This form is better than Basic and Broad, yet it does not achieve the comprehensive nature of the Special form.
D) Special
The Special Causes of Loss form is the only one that offers 'all-risks' coverage, meaning it protects against all perils except those that are specifically excluded in the policy. This makes it the most comprehensive option available.
Conclusion
The Special Causes of Loss form is definitively the correct answer as it provides the broadest coverage by including all risks save for specific exclusions. In contrast, the Basic, Broad, and Extended forms each have limitations that prevent them from being classified as 'all-risks' coverage. Thus, for comprehensive protection, the Special form is the optimal choice.