01.Core Concepts

A causes-of-loss form must be added to the policy to have a complete contract The form specifies the covered perils for the business and personal property coverage The causes-of-loss basic form provides coverage for 11 basic causes of loss: Fire Lightning ExplosionWindstorm or hail Smoke Aircraft or vehicles Vandalism Riot or civil commotion Sprinkler leakage Sinkhole collapse Volcanic action