Peers, Wharves, Docks, And Slips Insurance

Definition of "Peers, wharves, docks, and slips insurance"

Juanita Mcclusky real estate agent
Juanita Mcclusky, Real Estate Agent Better Homes and Gardens Real Estate Metro Brokers

Coverage in the event of damage or destruction resulting from collision by a vessel or high waves. Excluded are fire, lightning, windstorm, earthquake, and explosion, since these perils are included under the Standard Fire Policy and the other business property policies. Piers, wharves, docks, and slips were the few properties that could be covered for flood damage under commercial insurance prior to passage of the Natural Disasters Act of 1968, of which the Federal Flood Insurance Program is a part.


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