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  2. Extended coverage - Wikipedia

    en.wikipedia.org/wiki/Extended_coverage

    Extended coverage. Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.

  3. Property insurance - Wikipedia

    en.wikipedia.org/wiki/Property_insurance

    An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...

  4. Builder's risk insurance - Wikipedia

    en.wikipedia.org/wiki/Builder's_risk_insurance

    Builder's risk insurance (Contractor's All Risk insurance – CAR insurance) is a type of property insurance which indemnifies against damage to buildings while they are under construction. [1] Builder's risk insurance is "coverage that protects a person's or organization's insurable interest in materials, fixtures and/or equipment being used ...

  5. What Is a homeowners insurance peril and how does it work? - AOL

    www.aol.com/finance/homeowners-insurance-peril...

    Yes, your policy can have both open perils and named perils coverage. Generally, personal property has named perils coverage, while the dwelling has open perils coverage. However, your policy type ...

  6. Difference in conditions insurance - AOL

    www.aol.com/finance/difference-conditions...

    Commercial properties can suffer from the same weather-related perils as homes but have a much higher replacement cost and unique additional risks that need coverage. DIC policies may cover losses ...

  7. Is home insurance required? - AOL

    www.aol.com/finance/homeowners-insurance...

    The most common type of homeowners policy, the HO-3, covers your dwelling and other structures on an “open perils” basis, but covers your belongings on a “named perils” basis, and extends ...

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