What does broad form insurance mean?

broad form insurance meaning in Law Dictionary

insurance plan that stretches beyond the basics to add rare events that could be of serious risk on insured. This type of insurance often calls for that an increased premium, and often a deductible, be compensated.

broad form insurance meaning in Business Dictionary

a form of insurance which can be found for almost all sorts of asset. This sort of insurance provides over basic coverage. It applies to uncommon and high-risk occasions that will end in really serious injury to the guaranteed. Wide type insurance typically has actually a top premium and deductible.