Property Insurance Roundtable

This podcast and the corresponding Adjusting Today article titled, "Difference in Conditions Coverage: What It Is and Who Needs It?" is designed to assist any business that needs more protection than supplied by standard property insurance in regards to flood and earthquake perils. Today’s expert panelists answer questions regarding terminology, past and present changes in coverage, and what types of businesses need this type of coverage. This roundtable ends with additional important thoughts and real life examples of DIC policies.   Key Takeaways: [1:45] What is the Difference in Conditions (DIC) coverage? [2:36] Why are these policies often misunderstood by policyholders? [3:34] Who or what types of businesses need this type of coverage? [7:19] To which type of disasters, other than flood and earthquake losses, does this coverage apply?  [10:21] A coinsurance requirement can have a serious adverse effect on the insured at the time of loss. Why? [11:24] Why is it important to watch for definitions, such as