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Web the basic causes of loss form (cp 10 10) provides coverage for the following named perils: Fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion,. Web selecting the “basic” form of insurance coverage will only cover your property from named perils. Web basic form covers these 11 “perils” or causes of loss: Fire or lightning, smoke, windstorm or hail, explosion, riot or civil commotion, aircraft (striking the. Fire lightning windstorm or hail explosion smoke. Web the standard coverages that are included in a typical basic form insurance policy are: This simply means your property will only be protected from the.