Difference In Conditions (DIC) insurance provides coverage designed to close specific gaps in standard insurance policies and is usually available only for larger industrial or commercial risks.
DIC policies usually provide catastrophic coverage for perils that present severe property exposures, such as flood and earthquake. DIC policies also can be used to supplement coverage in operations with unusual transit, burglary, and international exposures.
The DIC policy is not designed merely to increase property limits; that can be accomplished by excess property forms. Rather, the DIC policy is designed to broaden coverage by a) providing additional limits of coverage for specific perils when standard markets won't provide adequate limits of coverage, and b) providing coverage for perils that are excluded on standard coverage forms.
Our DIC Specialty Practice has nearly $200M of in-force DIC/quake premium and is comprised brokers who specialize in DIC and catastrophic coverages.
Top Five DIC Markets
• Arrowhead
• Lloyd's of London
• QBE
• RSUI
• Endurance
Perils:
• Difference In Conditions
• Earthquake
• Flood – Primary
• Flood – Excess of NFIP
• Earthquake Sprinkler Leakage
• Deductible Buy-Downs
Exclusive Capacity through Lloyd’s for:
• Earthquake
• Flood (Primary and Excess)
• Deductible Buy-backs
Highlights:
• No limit on Building Age
• All Parking Types Accepted (including Tuck-Under)
• All Occupancy types accepted
• No TIV Restrictions – Everything from one location schedules to large layered programs
• Capacity available in all states, especially California, Hawaii, Alaska, New Madrid Fault Zone & Pacific Northwest