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3 types of cause of loss forms
- Basic Form
- Broad Form
- Special Form
- basic and broad are nearly identical
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Basic and Broad Forms - Exclusions
- anti-concurrent causation wording: losses caused directly or indirectly by any non-covered perils are not covered, even if another covered loss contributed to the loss, regardless of the sequence
- ordinance or law exclusion
- earth movement: except sinkhole collapse and fire or explosion caused by earthquake
- excludes governmental action, except if done to stop covered fire spread
- excludes nuclear hazard, except fire following
- excludes utility service loss (eg. power failure), except loss following
- excludes water loss, such as flood, mudslide, sewer backup, except fire, explosion or gas leakage caused by foregoing events
- excludes rot, fungus, bacteria
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Basic and Broad Forms - Exclusions not subject to anti-concurrent causation
- electrical or magnetic energy, except fire following
- rupture of water pipes
- leakage of water or steam, unless caused by covered cause of loss
- explosion of steam apparatus, except fire following
- mechanical breakdown, including rupture or bursting caused by centrifugal force
- loss from neglect by the insured
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Basic and Broad Forms - Additional Coverage
- limited fungus and rot ($15,000)
- collapse by covered loss, hidden decay / vermin, weight of people, weight of rain, use of defective material during construction
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Causes of Loss specific to Broad Form
- falling objects
- weight of ice, snow, or sleet
- water damage (water or steam leakage due to breaking or plumbing)
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