What does a "broad form" homeowners policy typically cover?

A "broad form" homeowners policy is designed to provide coverage for a wider range of risks than a standard basic policy. This type of policy typically includes protection against more perils, expanding beyond just the essential risks like fire and lightning. It often covers additional hazards such as theft and accidental water damage, offering homeowners comprehensive protection for various unexpected events.

This increased coverage makes broad form policies appealing to those seeking more than the minimal protection offered by basic homeowners insurance, as they address not only structural damages but also personal property losses. By including theft and accidental water damage, a broad form policy ensures that homeowners are better safeguarded against common concerns that could result in significant financial loss.

In contrast, the other options do not reflect the broader scope that a "broad form" policy provides, as they either limit coverage to specific perils or do not capture the comprehensive nature of such policies.