Advanced English Dialogue for Business – Extended coverage

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.