google bot detected Difference In Conditions Insurance | Insurance Glossary |

Difference In Conditions Insurance

Definition of "Difference in conditions insurance"

Coverage for a physical structure, machinery, inventory, and merchandise within the structure in the event of earthquakes, flood collapses, and subsidence strikes. Even though coverage is on an all risks basis, important perils are excluded such as fire, vandalism, sprinkler leakage, employee dishonesty, boiler and machinery losses, and mysterious disappearance, since it is assumed that the insured business already has coverage for these perils under a business property insurance policy.

Related Real Estate Glossary terms

Related Real Estate FAQ