Which type of policy form provides coverage only for specifically named causes of loss?

The Named Perils Form is designed to provide coverage specifically for losses resulting from certain explicitly listed causes. This type of policy will detail which perils are covered, meaning that if a loss occurs due to a cause not listed in the policy, it would not be covered.

The significance of this form lies in its clarity regarding what is insured, allowing policyholders to understand precisely which risks they are protecting against. On the other hand, comprehensive or all-risk forms typically cover a broader range of potential risks and often include coverage for many perils, unless specifically excluded. The standard form is a more general categorization and does not specifically denote coverage for named causes. Understanding the Named Perils Form is crucial for clients seeking targeted insurance coverage for specific risks.