What is a "broadened form" policy?

A "broadened form" policy specifically refers to an insurance policy that offers enhanced coverage compared to standard insurance policies. This type of policy typically includes additional perils or benefits that are usually not covered, thereby broadening the overall protection for the insured.

For instance, if a standard policy excludes certain types of damages from coverage, a broadened form may include those previously excluded perils, ensuring that policyholders have more comprehensive protection against a variety of risks. This is particularly useful for businesses or individuals who face higher risks and want the peace of mind that comes from knowing they have extended protections.

Other options describe policies with limitations or standard coverage levels, which do not enhance or expand upon the typical offerings found in standard policies. Thus, the contrast between broadening coverage and limiting or standardizing coverage is crucial in understanding why "broadened form" accurately describes the type of policy outlined in the correct answer.