MLchartDataset catalogue

All risks, difference-in-conditions

Term · Insurance and risk management · MLC-T-INS-000386

A type of property insurance that provides coverage for perils not included in the insured's standard property policies. A difference-in-conditions (DIC) policy is written to supplement primary coverage, filling gaps by covering perils like flood and earthquake. It does not have a standard form and is highly customized to meet the specific needs of the insured, wrapping around existing named-peril policies.

Table 1. Record
IdentifierMLC-T-INS-000386
FieldInsurance and risk management
SubjectCommercial Property
Record as JSON 
{
  "id": "MLC-T-INS-000386",
  "term": "All risks, difference-in-conditions",
  "field": "Insurance and risk management",
  "definition": "A type of property insurance that provides coverage for perils not included in the insured's standard property policies. A difference-in-conditions (DIC) policy is written to supplement primary coverage, filling gaps by covering perils like flood and earthquake. It does not have a standard form and is highly customized to meet the specific needs of the insured, wrapping around existing named-peril policies.",
  "subject": "Commercial Property",
  "url": "https://mlchart.com/terminology/insurance/all-risks-difference-in-conditions/"
}

Record 118 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.