Explain Special Form
Special Form Technical Terms
Special Form: This form (also known as "all risk", "Open cause of loss", or "Risk of Direct Physical Loss") includes coverage for accidental, direct physical loss from any event that is not specifically excluded or limited. The exclusions vary from company to company; many use Customized Forms. Such forms are subject to a standard set of exclusions including war, nuclear accidents, vermin and rodents, wear and tear, settling, flood and earthquake, landslide, and errors in construction and design. Some such exclusions can be removed by endorsement or purchase of policy forms such as DIC. (See DIC)