<var id="1wnwl"></var><table id="1wnwl"><label id="1wnwl"><strike id="1wnwl"></strike></label></table>
          <progress id="1wnwl"></progress>
            <noframes id="1wnwl"><progress id="1wnwl"><var id="1wnwl"></var></progress>
              <div id="1wnwl"><noframes id="1wnwl">
              <table id="1wnwl"><dfn id="1wnwl"><blockquote id="1wnwl"></blockquote></dfn></table>
                  <progress id="1wnwl"><blockquote id="1wnwl"></blockquote></progress>
                  <dfn id="1wnwl"><blockquote id="1wnwl"></blockquote></dfn>
                    ????
                    ?
                    Current Location: Home ? Knowledge ? Logistics Insurance ? Text

                    Difference-in-Conditions Insurance

                    Zoom??Zoome in ??Views:1123
                    Core Tip:Difference-in-Conditions Insurance

                    A difference-in-conditions insurance policy provides coverage for types of damage that a basic policy doesn't. Difference-in-conditions insurance is available for various types of property insurance policies, including homeowner's insurance, truck insurance and ship insurance. A customer who purchases a difference-in-conditions policy still must purchase a basic insurance policy.


                    History

                    The original difference-in-conditions policies provided coverage for any type of risk that a standard property insurance policy didn't include, so they were first known as “all risk” policies, according to Ohio State University. A modern difference-in-conditions policy may list the specific types of disasters for which it provides coverage and may exclude other damages from reimbursement. Policies that do cover all risks that the basic policy doesn't cover are still available, although they're more expensive.


                    Exclusions

                    Because the standard insurance policy in each industry is different, the exclusions from the named insurance policy are also different. A marine insurance cargo policy covers damage from stranding, sinking, ship collisions and jettisoning cargo. A commercial building policy includes coverage for fire, wind, theft and other common sources of structural damage.


                    Extra Damage

                    A difference-in-conditions insurance policy may also reimburse additional expenses greater than the limit established in the standard insurance policy. According to Ohio State University, this type of policy is also known as a difference-in-limits policy. For example, if a standard policy reimburses $1 million of flooding damage, the difference-in-conditions policy may provide an additional $5 million of coverage.


                    International Trade

                    Difference-in-conditions insurance is useful for international corporations. The standard policy in one country may not provide coverage for a type of disaster in which the corporation would be liable in another country for reimbursing property damage. The nation may require the corporation to purchase insurance from a domestic firm that doesn't provide this necessary coverage. An international difference-in-conditions policy can cover the gaps in coverage in the policies available in each country.


                    Secondary Coverage

                    A difference-in-conditions policy may also help a company that has an unreliable primary insurance company. According to a 2009 report on the Harvard Law School Forum on Corporate Governance and Financial Regulation, a difference-in-conditions policy may include a dropdown clause, which requires the secondary insurer to reimburse any claim that the primary insurer doesn't reimburse. This clause requires the difference-in-conditions insurance policy issuer to pay a claim for a standard industry risk that it wouldn't normally pay.




                    ?

                    If you believe that this information is a violation of your legitimate rights and interests, please send the relevant qualification certificate and your rights to info@worldinout.com, Worldinout staff will reply as soon as possible! The purpose of this network is to convey more information, does not mean that the network is in favor of its views and its authenticity. Such as reproduced this site information, please specify the source.

                    ?
                    [ KnowledgeSearch ]? [ Add to Favorites ]? [ Tell a friend ]? [ Print ]? [ Send report ]? [ Close the window ]

                    ?

                    ?
                    Recommended Graphic
                    Recommend Knowledge
                    Click Ranking
                    ?
                    HomeSite | About us | Contact Us | Agreement | Copyright | Sitemap | Spread | Guestbook | RSS Feed | 豫B2-20030028-27
                    ?
                    香蕉国产精品偷在线观看,亚洲国产精品免费线观看视频,高清无码爆乳护士在线播放,日本不卡免费一区二区