This coverage additionally includes: -
· Breakage of glass
· Falling objects
· Weight of snow, ice or sleet
· Sudden and accidental water damage.
Collapse
Many property insurance policies provide an additional coverage for loss or damage involving collapse, but only if caused by one or more of the basic or broad causes of losses.
Other covered causes of collapse are hidden decay; hidden damage by insects or vermin; weight of people or contents; weight of rain that collects on a roof; and use of defective material or methods in construction, remodeling, or renovation if the collapse occurs during the construction, remodeling, or renovation.
Crime Perils
Coverage for various crime perils can be included in insurance policies.
· Burglary is the taking of property from inside a building by someone who
unlawfully enters or exits the building.
· Robbery is the taking of property from a person by someone who has caused or threatened to cause the personal harm.
· Theft is a broad term that means any act of stealing; theft includes burglary and robbery.
E.g.: - A break-in is a burglary; a purse snatching or a holdup is a robbery; and both are thefts.
Property Loss Exposures
