What does Collapse Homeowners Policy mean? Read on to discover the definition & meaning of the term Collapse Homeowners Policy - to help you better understand the language used in insurance policies.
Collapse Homeowners Policy
Additional coverage provided by the homeowners policy. Collapse is not treated as a peril per se, but as an additional coverage with separate treatment, language, and restrictions. For coverage to apply, the proximate cause of the collapse has to be a covered peril. For example, if the faulty design of the home (an excluded peril under the homeowners form) results in the collapse, no coverage is provided.
We hope the you have a better understanding of the meaning of Collapse Homeowners Policy.