Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical difference between named perils (Basic, Broad) and open perils (Special) coverage. - The specific list of perils covered under the Basic Causes of Loss Form. - The additional perils, like weight of snow and ice, that are covered by the Broad Form. - Why the Special Form is not truly 'all-risk' by identifying its key exclusions like flood and earthquake. - How the burden of proof shifts from the policyholder to the insurer with a Special Form policy. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep