Homeowners Broadform
This is the second best type of policy you can buy.
You are insured against risks of direct physical loss or damage subject to the exclusions and conditions in the policy on the dwelling only like the comprehensive form. Personal Property (contents) are covered on a named perils basis only. A list of the perils insured are generally as follows:
- fire or lightning
- explosion
- smoke
- falling object
- impact by aircraft or land vehicle
- riot
- vandalism & malicious acts
- water damage
- windstorm or hail
- transportation
- theft
- collapse
- fuel leakage
- electricity
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Each one of these areas that are covered have certain restrictions & conditions applied to them.
Coverage limits with the Broad Form Policy are lower than with the Comprehensive Forms
For all forms, you may "schedule" items such as jewellery, camera item, etc, for a stated value and pay a separate premium for this. They would then be insured for the full "scheduled" amount with no deductible being applicable in the event of a loss.
The above text is intended to be a brief overview of this type of policy.
For more information please contact our office at:
customer-service@dodgson-insurance.com
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