New Hampshire Property and Casualty Insurance Practice Exam

Difference in Conditions (DIC) Coverage is designed to address the gaps that exist in standard property insurance policies. Unlike traditional property insurance, which may have limitations on coverage for certain risks such as earthquakes, floods, or other specific perils, DIC Coverage supplements these policies by offering enhanced protection.

This type of coverage typically covers risks that are excluded or limited in standard property policies, filling in the gaps to ensure a broader range of protection for the insured. It is especially useful for businesses or individuals who want to ensure that their property is protected against unusual or significant risks that are not adequately covered by their existing insurance policies.

Additionally, DIC policies can help to cover higher limits or additional types of coverage that standard policies might overlook entirely. As a result, this type of coverage is a valuable strategy for individuals or businesses looking to shore up their insurance protection and mitigate potential vulnerabilities in their insurance portfolio.