Legal Definitions - broad-form policy

A broad-form policy is a type of insurance policy that offers broad protection with few limitations. It provides greater coverage than a basic-form policy but less than an open-perils policy.

For example, a broad-form policy may cover damages from fire, windstorm, explosion, riot, aircraft, vehicles, theft, or vandalism. However, it may not cover other types of losses, such as floods or earthquakes.

Overall, a broad-form policy is a good option for those who want more coverage than a basic policy but don't need the comprehensive coverage of an open-perils policy.