by Guest » Sat Jul 08, 2006 04:50 am
Allied Lines
Property insurance that is usually bought in conjunction with fire insurance; it includes wind, water damage, and vandalism coverage.
Property insurance that is usually bought in conjunction with fire insurance; it includes wind, water damage, and vandalism coverage.
Posted: Mon Oct 08, 2007 02:54 am Post Subject:
it also includes data processing insurance , demolition insurance , earthquake insurance , increased cost of construction clause , radioactive contamination insurance , sprinkler leakage insurance , standing timber insurance , and malicious mischief insurance.
Posted: Mon Oct 08, 2007 06:30 am Post Subject:
Right, you guys have correctly mentioned the perils covered under allied lines. It also includes increased cost of construction materials, demolition insurance, account receivable and so forth. Sounds to be a good thing for businesses. :)
Posted: Mon Oct 08, 2007 07:51 am Post Subject: Earthquake Insurance
Hi all, allied lines are special types of coverage available for special types of perils. These niche insurances can be bought as an endorsement with many standard property policies. Among the allied lines insurance the most prominent one is the earthquake insurance. It covers losses incurred during earthquake and volcanic eruptions. But it excludes damages due to fire, flood, explosion etc. Rupert
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