What is the definition of Difference in Conditions?

Difference in Conditions in a policy provides protection for instances that are mostly not covered by the commercial property insurance of a business. The policy is tailor-made to fit the needs of the insured. This includes coverage for loss incurred because of flood collapses, subsidence strikes and earthquakes. This covers damage to merchandise, inventory, the physical structure, as well as machinery.

These policies usually do not include risks such as vandalism, boiler and machinery losses, fire, employee dishonesty and theft and sprinkler leakage, since these are usually covered in a primary property insurance policy.

This is also called a secondary insurance cover and is bought by a renter or a tenant to protect against risks not covered by the first insurance policy.

• Premium
• Pollution Insurance
• Personal Injury Protection Coverage (PIP)
• Prime Rate
• Catastrophe Reinsurance