In: Finance
Would the Difference in conditions insurance (DIC) cover political unrest Please explain in detail ?
Difference in conditions insurance (DIC) covers liability for events / risks that are not covered by traditional insurance policies. For example, it can cover earthquakes, floods, disasters or any other catastrophic events. These events are less likely to occur, but if they do occur the impact is huge. Typically the buyers buy this DIC in addition to their normal insurance policy so that they are covered comprehensively.