Allied Lines
What Does Allied Lines Mean?
Allied lines insurance is a type of coverage often purchased alongside a standard fire insurance policy. It provides protection for various risks, including demolition charges, accounts receivable, data processing equipment, malicious damage, water damage, increased construction costs, vandalism, and other specific perils. When combined with a fire insurance policy, allied lines insurance can be highly advantageous for property owners.
Insuranceopedia Explains Allied Lines
The reason property owners commonly purchase allied lines insurance is that there are many types of losses that can occur beyond fire damage or personal injury on a property. However, many homeowners‘ and fire insurance policies do not cover these risks. For example, vandalism is often excluded from many homeowners’ policies. Therefore, in areas with a high risk of vandalism, allied lines insurance can be a valuable addition.
