DIC cover

Arabic translation: تغطية مع فرق في الشروط

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:DIC cover
Arabic translation:تغطية مع فرق في الشروط
Entered by: TargamaT team

22:03 Nov 3, 2010
English to Arabic translations [PRO]
Bus/Financial - Insurance
English term or phrase: DIC cover
difference-in-conditions (DIC) insurance
(1) An all risks property insurance policy that is purchased in addition to a commercial property policy to obtain coverage for perils not insured against in the commercial property policy (usually flood and earthquake). (2) An endorsement to a contractor's blanket builders risk insurance policy that fills the gaps between a policy provided by the project owner and the contractor's policy. When a project owner elects to provide the builders risk coverage for all parties with an insurable interest, the project is normally removed from coverage under the contractor's policy. A DIC endorsement typically states that, to the extent a loss is not covered under the owner-provided policy, but would be covered under the contractor's policy, coverage will apply on an excess basis.

Difference in Conditions Insurance / Difference in Limits Insurance

Multi-national companies often arrange their insurance programme centrally on a global basis so that the risk manager will know exactly what levels of cover operate and can ensure these offer appropriate cover for the organisation. However, the legislation in individual countries, the existence of joint venture partners or other circumstances may require local insurance to be arranged. In such circumstances, the global programme will cease to operate for those risks covered by the local policy, but will continue to operate for those areas not covered by the local programme but included in the global programme. If the standard of the cover is different, then the “top-up” cover provided by the global programme is called Difference in Conditions Insurance. If the sum insured or policy limits are different, then the “top-up” cover provided by the global programme is called Difference in Limits Insurance.
sarah Bou Rached
تغطية مع فرق في الشروط
Explanation:
DIC=Difference in Conditions
فرق في الشروط
DIL= Difference in Limits Insurance
فرق في الحدود


http://zdownload.zurich.com/main/corporate/Zurich_MIP_Europe...
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TargamaT team
France
Local time: 14:16
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4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1تغطية مع فرق في الشروط
TargamaT team


  

Answers


48 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
dic cover
تغطية مع فرق في الشروط


Explanation:
DIC=Difference in Conditions
فرق في الشروط
DIL= Difference in Limits Insurance
فرق في الحدود


http://zdownload.zurich.com/main/corporate/Zurich_MIP_Europe...

TargamaT team
France
Local time: 14:16
Native speaker of: Native in ArabicArabic, Native in FrenchFrench
PRO pts in category: 40

Peer comments on this answer (and responses from the answerer)
agree  TAKOAS (X): merci mais le lien contient-il une reference Targama?
8 hrs
  -> Merci, il faut chercher dans le PDF, p. 3.
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