One type of commercial property insurance excludes perils which are covered by the basic coverages.Some businesses buy this coverage to fill coverage gaps,including flood and earthquake,and to cover property in other countries.This type of insurance is called

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The type of insurance described in the question is Difference in Conditions (DIC) insurance, which is designed to fill gaps in coverage not covered by the basic commercial property insurance. DIC insurance typically covers natural disasters like floods and earthquakes, and also extends coverage to properties located in foreign countries. Protection and indemnity insurance is a type of insurance that protects against legal liabilities in the maritime industry. Building and personal property coverage form and builders risk coverage form are standard forms of commercial property insurance that do not offer the same extent of coverage as DIC insurance.

One Type of Commercial Property Insurance Excludes Perils Which Are