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What does "collapse coverage" protect against?

Structural failure due to regular wear and tear

Flood damage to a building

Structural failure from specific causes

Collapse coverage is specifically designed to provide protection against structural failures resulting from defined and specific events. This type of insurance typically covers situations such as sudden and accidental collapse due to various risks, including improper construction, hidden decay, or even specific peril such as weight overload from snow or other factors.

When a structure collapses due to these defined causes, this coverage comes into play to help policyholders manage the financial impact of repairs or rebuilding. It is important to note that collapse coverage does not extend to structural failures that occur from ongoing wear and tear, which is generally considered a maintenance issue rather than an acute event, nor does it cover issues like flooding or fire damage, which are addressed by separate policies or coverages more specific to those perils.

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Fire damage to residential properties

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