Property & Casualty Exam Prep 37, Causes of Loss Forms

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical difference between named perils (Basic, Broad) and open perils (Special) coverage. - The specific list of perils covered under the Basic Causes of Loss Form. - The additional perils, like weight of snow and ice, that are covered by the Broad Form. - Why the Special Form is not truly 'all-risk' by identifying its key exclusions like flood and earthquake. - How the burden of proof shifts from the policyholder to the insurer with a Special Form policy. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep