What does the Special form coverage include?

The Special form coverage, often referred to as "special perils" coverage, provides a broad level of protection by covering all perils unless they are specifically excluded in the policy. This means that unless a risk is listed as excluded, it is generally covered under this form of policy. This type of coverage is designed to offer comprehensive protection for insured properties, making it a desirable option for many policyholders seeking extensive risk management.

Named perils, on the other hand, only cover specific risks that are explicitly identified in the policy. This makes the Special form more favorable in scenarios where unpredictable incidents could occur. Additionally, the wording "excludes personal property" and coverage limited to "commercial buildings" does not accurately reflect the scope of the Special form, which typically applies to a diverse array of properties and contents. Therefore, understanding that the Special form encompasses a wide range of perils unless explicitly excluded is crucial for those working in the field of insurance and public adjusting.