Listen to a Business English Dialogue About Extended coverage
Victoria: Hi Stella, do you know what “extended coverage” means in insurance?
Stella: Yes, extended coverage refers to additional protection beyond the basic coverage provided by an insurance policy.
Victoria: That’s right! It typically covers specific risks or perils that aren’t included in the standard policy.
Stella: Can you give me an example of extended coverage?
Victoria: Sure! In homeowner’s insurance, extended coverage might include coverage for events like earthquakes, floods, or hurricanes, which aren’t typically covered by standard policies.
Stella: Ah, I see. So, it’s a way for policyholders to tailor their coverage to better meet their needs?
Victoria: Exactly! It allows policyholders to customize their insurance to protect against specific risks they may face.
Stella: How do policyholders obtain extended coverage?
Victoria: Policyholders can usually add extended coverage to their insurance policy by paying an additional premium to the insurance company.
Stella: Are there any limitations or exclusions with extended coverage?
Victoria: Yes, there may be limitations on the types of events or perils covered, as well as specific conditions or requirements that must be met to qualify for coverage.
Stella: Thanks for explaining, Victoria. Extended coverage seems like an important option for ensuring comprehensive protection.
Victoria: You’re welcome, Stella. It can provide valuable peace of mind knowing you’re covered for a wider range of risks.