What form of property insurance covers a specified list of perils?

The choice of "special form" refers to a type of property insurance that provides coverage for a specified list of perils, ensuring that the insured is protected against particular risks that could damage the property. This type of policy typically outlines all the perils that are covered, and if a peril is not listed, it is assumed to be excluded from coverage.

Special form policies are designed to give property owners a tailored approach, as they dictate exact coverage parameters, allowing policyholders to understand their specific protections. By contrast, other forms of coverage, such as basic or broad forms, may cover a more limited range of perils, or in the case of broad forms, include some additional risks, but they typically don’t offer the same level of specificity as the special form.

This structured list of covered perils under a special form policy allows for clear expectations regarding what is and isn't protected, making it a reliable choice for property owners seeking explicit coverage details.