Difference-in-conditions insurance (DIC)

{
  "id": "MLC-T-INS-001154",
  "term": "Difference-in-conditions insurance (DIC)",
  "field": "Insurance and risk management",
  "definition": "A specialized property insurance policy designed to fill gaps in coverage left by standard property forms. It provides broader coverage for perils not covered by a primary policy, such as flood or earthquake, or offers higher limits for certain exposures. DIC policies are often written on an \"all-risks\" basis and are used by businesses with complex or international property exposures.",
  "abbreviation": "DIC",
  "url": "https://mlchart.com/terminology/insurance/difference-in-conditions-insurance-dic/"
}