This is sometimes referred to as a silver form on a property policy. It is a wider coverage then the standard form but a lesser coverage then the comprehensive form.

It is common on a broad homeowner form to have replacement cost for the dwelling and contents, but with limits to the perils that would be covered.

This description of "broad" can apply to personal insurance or to commercial. It differs from an All Risk or Comprehensive form in that the coverage is for the perils stated in the policy wordings. If that particular hazard is not mentioned, then it is excluded.

An example of the limitations of broad homeowner's policy, is the collapse of roof due to ice and snow. This often is not included on a broad form but would be on a comprehensive. The wordings of the insurers determine the coverage so you need to be sure that when you change from one company to another that you have kept the same coverage that you deem to be important. Finding out in a claim situation that you do not have what you expect is never a pleasant experience.

It is very important that you discuss your coverage and the limits with your broker or agent. The difference in premium might also prove to be a difference in coverage. Self-insurance should be a choice, not a result.