basic form policy
A policy that offers limited coverage against loss. • A basic-form policy generally covers damages from fire, windstorm, explosion, riot, aircraft, vehicles, theft, or vandalism. — Also termed limited policy; specific policy.
A policy that offers limited coverage against loss. • A basic-form policy generally covers damages from fire, windstorm, explosion, riot, aircraft, vehicles, theft, or vandalism. — Also termed limited policy; specific policy.