(1) A policy designed to broaden coverage by providing additional limits of
coverage for specific perils when standard markets won't provide adequate
limits of coverage, providing coverage for perils that are excluded on standard
coverage forms, or supplementing international policies that are written by
admitted insurers in the applicable foreign countries. (2) 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). (3) 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 so that the contractor has insurance comparable to what it would have
had if coverage had been arranged under the contractor's builders risk
program. 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. (4) An insurance policy that is designed to fill the gaps between
the coverage provided by a multinational organization's master insurance
policies (property or liability) and coverage provided by policies purchased
locally in accordance with each country's insurance requirements so that
the organization has uniformity of coverage regardless of location. This policy
is referred to as a foreign DIC policy.