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The Broad form is the "HO3" also known as the "HOC" and sometimes referred to as "All Risk Coverage.
It's the priciest Homeowners policy available but also offers the broadest coverage, hence the name "Broad Form".
The major difference in the Broad form (HO3) from the Basic Form (HO1) and the Extended Coverage policy (Form HO2) is the peril language appoach. The HO3 is considered to use an "Exclusive" approach where forms 1 and 2 use the "Inclusive" language approach to covered and non-covered perils.
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Is broad form insurance recommended for seasonal home coverage?
yes
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Home insurance, also commonly called hazard insurance or homeowners insurance (often ... or loss of other personal possessions of the homeowner, ... 1.1 History; 1.2 Types of policies; 1.3 Coverage rates; 1.4 Classes of coverage ... HO2 – Broad Homeowner Policy: A more advanced form that provides coverage on a home
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Will homeowners cover an unregistered vehicle that hit mine on your own property?
No, Homeowners insurance does not provide comprehensive, collision nor liability insurance for your vehicles. Now if somebody's vehicle hits your house, your home insurance would cover the damages to your home.
