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GLOSSARY

 GLOSSARY TERMS by Alpha
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Daily
Data processing insurance
Date of Issue
Death benefit
Declarations page
Decreasing Term Insurance
Deductible
Demolition insurance
Deposit premium
Depreciation
Double indemnity
Dual life insurance

Demolition insurance

When a building is damaged beyond a certain point, say 50% destroyed, local building codes may direct that the structure be razed. Insurance to cover this exposure (and the lost value of the undamaged but newly razed part) can and clearly should be arranged whenever it exists. Increased cost of construction coverage to meet current building codes should be provided as well.

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