What is one of the main benefits of a broad causes of loss form in commercial property policies?

The main benefit of a broad causes of loss form in commercial property policies is that it provides coverage for a wide range of risks, only excluding those specifically mentioned in the policy. This means that if a loss occurs due to a peril that is not excluded, the policyholder is more likely to receive benefits for a variety of potential claims, which offers greater peace of mind and financial protection.

This extensive coverage makes it advantageous for businesses, as they face numerous risks that could lead to property damage or loss. By addressing a broader array of potential incidents, businesses can feel more secure knowing that their property is protected from many common hazards. Additionally, this form may cover various types of damage, including some natural disasters and mishaps that standard forms might not include.

On the other hand, the inclusion of loss of use coverage typically pertains to business interruption insurance rather than the broad causes of loss form itself. The higher payment for liability claims does not directly relate to the causes of loss form, as it deals with liability insurance limits. While theft can be part of the covered perils, it's not the primary benefit of the broad forms. Each of these options highlights different aspects of insurance coverage but does not encapsulate the comprehensive nature of the broad causes of loss form