What is the coverage provided under a Broad home insurance policy?

A Broad home insurance policy is designed to offer a comprehensive level of protection for homeowners. It provides "all risk" coverage for the building itself, which means that the policy generally covers a wide range of risks, except for those specifically excluded in the policy. This could include perils such as theft, vandalism, and certain natural disasters, depending on the terms of the policy.

For the contents within the home, the Broad policy typically provides named perils coverage. This means that only specific risks that are explicitly listed in the policy will be covered. Examples of such named perils could include water damage, fire, and certain types of theft or vandalism.

This structure allows homeowners to have robust protection for their homes and the belongings within them while also clearly defining the risks associated with their personal property. Understanding the distinction between the coverage types is crucial for homeowners to identify the best insurance that aligns with their needs.