What is the definition of Extended Coverage?

Extended coverage refers to an insurance endorsement that adds to the risks the original policy already covers.

This is commonly used for property insurance. The basic home insurance policy protects from fire and lightning. Once can get extended coverage so as to protect from additional risks such as explosions, civil commotion, windstorm, riots and riots attending a strike, smoke damage, aircraft damage, hail, and vehicle damage.

The extended coverage is also usually used to cover a risk that is usually not included in a standard insurance coverage. For example, a house that is located near a golf course may be insured by its owner for damage caused by golf balls.

• Reinstatement
• Registered Principal
• Liquor Liability
• Businessowners Policy (BOP)
• Directors and Officers Liability Insurance