Definition of "Allied lines"
Heidi Reis, Real Estate Agent
Abode Agency Real Estate
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
Is allied lines insurance sold mostly to businesses or individuals?
Nov 01, 2018 10:39:32Hey, 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 14:50:15Have a question or comment? We're here to help.