Definition of "Allied lines"

Property insurance closely associated with fire insurance and usually purchased in conjunction with a Standard Fire Policy. Allied lines include data processing insurance, demolition INSURANCE, EARTHQUAKE INSURANCE, INCREASED COST OF CONSTRUCTION CLAUSE, RADIOACTIVE CONTAMINATION INSURANCE, SPRINKLER LEAKAGE INSURANCE, STANDING TIMBER INSURANCE, VANDALISM AND MALICIOUS MISCHIEF INSURANCE, WATER DAMAGE INSURANCE.

Comments for Allied Lines

Jerry Jerry said:

Is allied lines insurance sold mostly to businesses or individuals?

Nov 01, 2018  10:39:32

 
Real Estate Agent

Hey, Jerry
It can be sold to both, but commercial real estate buys it more due to the value of the personal property within the real estate. For instance: documents and products in the inventory can get to million dollars worth of damage, while furniture would typically be in the thousands.

Thanks for reaching out!

Nov 02, 2018  14:50:15
 
 
image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Loss of income resulting from the damage or destruction of a person's property or a business's property. For example, if a store is damaged by fire and is unable to sell its inventory to ...

Endorsement attached to property insurance coverage that provides additional limits of protection on a merchant's inventories during specific time intervals. The time intervals generally ...

Life insurance company agency that sells ordinary life insurance and industrial life insurance. ...

Group of underwriters with Lloyd's of London who specialize in underwriting a particular risk such as hull insurance. ...

Health plan that pays a flat fee for each patient it covers. ...

Sum total of an employee's job-related injuries resulting in disabilities over the working career. For example, exposure to radiation over many years on the job would have a compounding ...

Prepaid group health insurance plan that entitles members to services of participating physicians, hospitals, and clinics. Emphasis is on preventive medicine. Members of the HMO pay a flat ...

Investment income. Insurance companies invest part of their premiums that are not immediately needed for claims and administrative expenses. These earnings are critical to an insurance ...

Coverage for automobile or aircraft operators if they are sued for negligently killing or injuring a passenger. The PERSONAL AUTOMOBILE POLICY (PAP) provides MEDICAL PAYMENTS INSURANCE for ...

Popular Insurance Questions