What is a form that specifies which perils are insured against and lists exclusions in commercial property coverage?

The causes of loss form is essential in commercial property coverage as it outlines the specific perils that an insurance policy will cover. This form indicates the risks that the policyholder is protected from, such as fire, theft, or vandalism. It also details any exclusions, which are scenarios or types of damage that are not covered under the policy.

In a commercial setting, understanding these details is crucial for both the insurer and the insured, as it helps in determining the level of risk that is being assumed and the responsibilities of each party. This form is foundational to ensuring that a business is adequately protected against the various risks it faces.

Other options such as the coverage declaration form typically provide a summary of the coverage amounts and the details of the insured property, while a policy endorsement form modifies or adds coverage to an existing policy. The loss assessment form relates to obligations in certain arrangements, such as homeowners’ associations, rather than directly specifying coverage details. Therefore, the causes of loss form is the clear choice for identifying the perils covered and any exclusions in commercial property coverage.