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For more information about the claims filing process, visit the Life Claim Filing Instructions. Once my claim has been processed, how long will it take to receive my check? Typically, you will receive your check within 10 - 15 business days from the time your claim was processed.
Special risks denotes those accounts whose premium size, unique exposures, or other characteristics are such that they require specialized handling by an underwriting operation specifically set up for that purpose.
Unlike basic and broad, special form does not limit the perils that are covered; rather, it only lists perils that are excluded. Excluded perils will vary from policy to policy, but here are some examples of common exclusions: Earthquake.
Named Perils covers only loss incurred as a result of perils that are listed (or named) within the policy wordings. On the other hand, All Risks covers loss from any cause as long as it is not explicitly stated as excluded in the policy wordings.
Special form insurance is the most comprehensive type of commercial property insurance coverage. It typically covers damage or loss caused by any peril unless specifically excluded in the policy. This type of coverage is sometimes called all-risk coverage because it covers all risks unless specifically excluded.
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