Broad form insurance adds additional coverage to your policy for rare but costly events. If you know you will face a unique exposure with an asset, but your policy does not cover that exposure, it may be wise to purchase broad form coverage. You will have to pay additional premiums, and you may face a separate deductible for your broad form policy. For example, if you know you live in an old house with roots threatening old lead pipes, you may be surprised to hear homeowner's insurance will not cover this exposure. Purchasing broad form insurance for your plumbing can provide coverage if you do need to replace the plumbing system. 

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