What does Special Insurance Policies mean? Read on to discover the definition & meaning of the term Special Insurance Policies - to help you better understand the language used in insurance policies.
Special Insurance Policies
Special insurance policies (also known as specialty insurance policies and niche insurance policies) are those that cater to unusual risks, including risks associated with niche markets or products. It is underwritten by insurance companies that specialize in providing it and the premium is likely to be higher than those of a regular insurance policy.
We hope the you have a better understanding of the meaning of Special Insurance Policies.