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  2. Difference in Conditions (DIC) insurance carriers12345:
    • Provide coverage for perils outside the normal scope of risk for a particular asset.
    • Are usually offered by surplus lines carriers willing to take on higher risk policies.
    • Add coverage for perils excluded on standard coverage forms.
    • Focus on infrequent or severe perils that result in severe losses.
    Learn more:
    Difference in conditions (DIC) insurance provides coverage for perils that may be outside the normal scope of risk for a particular asset. People purchase DIC insurance because insurance companies will often only provide coverage for risks that are relatively common. This can result in some people feeling too exposed to rare or less common risks.
    www.insuranceopedia.com/definition/1558/differenc…
    No, most insurers do not offer difference in conditions insurance policies. DIC policies are usually offered by surplus lines carriers, which are companies willing to take on higher risk policies. This includes policies that are higher risk than the average homeowners or business insurance policies.
    www.bankrate.com/insurance/homeowners-insuran…
    Difference-in-conditions (DIC) insurance is a policy that provides additional limits of coverage for specific perils when standard markets won't provide adequate limits, adds coverage for perils that are excluded on standard coverage forms, or supplements international policies written by admitted insurers in the applicable foreign countries.
    www.irmi.com/term/insurance-definitions/differenc…
    Insurance companies typically offer policies that cover perils that are well-defined and predictable. They are less willing to underwrite policies that cover infrequent and severe perils, as these are more difficult to account when setting the premium that should be charged. Thus, most policies cover higher frequency, lower severity perils.
    www.investopedia.com/terms/d/difference-conditio…
    DIC coverage essentially expands the coverage of your standard policy to cover perils not typically included. Ordinary, predictable perils are mostly covered, while perils that are infrequent or severe generally necessitate DIC coverage. DIC insurance focuses on perils that, while rare, result in severe losses.
    www.lckinsurance.com/blog/business-insurance/w…
     
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    WEBSep 23, 2021 · Difference in conditions (DIC) insurance is designed to offer a more 'complete' property coverage by covering perils that California FAIR Plan will not. California FAIR Plan covers fire and smoke, while …

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    WEBApr 20, 2023 · Difference in conditions coverage provides protection beyond what a typical homeowners insurance policy offers, including support for floods, earthquakes, landslides, and mudslides. Companies …

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