What does DIC mean? Read on to discover the definition & meaning of the term DIC - to help you better understand the language used in insurance policies.
Difference in conditions (DIC) insurance provides coverage for perils that may be outside the normal scope of risk for a particular asset. People purchase DIC insurance because insurance companies will often only provide coverage for risks that are relatively common. This can result in some people feeling too exposed to rare or less common risks.
We hope the you have a better understanding of the meaning of DIC.