Which of the following losses would a named perils form cover?

A named perils form provides coverage specifically for losses that are explicitly listed within the policy. The correct answer, Fire or lightning, is included in the standard named perils associated with property insurance. This means that if a property sustains damage from fire or lightning, the policyholder will be compensated for the loss as these events are clearly defined as covered perils in the policy.

The other options—flood damage, earthquake damage, and mold growth—are generally not covered under a standard named perils form unless specifically included in the policy. Flood and earthquake damage usually require separate endorsements or special policies due to the catastrophic nature and risk associated with these events. Mold growth may not be covered due to its association with neglect or maintenance issues, and often it falls outside the parameters of typical named perils. This distinction makes it crucial for policyholders to review their insurance coverage carefully and understand which perils are covered.