Latest Trend in Property Insurance

 The latest trend in insurance which I am observing is the demand for cosmetic and irrelevant add-on covers.

I call them cosmetic because the basic purpose of demanding such covers is just to increase numbers at no additional cost in order to satisfy clients by many intermediaries.
For example, Molten metal spillage cover is demanded in chemical plants which has no relevance at all. At the same time, same meaning add ons are demanded in different names. Few examples are
1. Omission to insure and Inadvertent omission.
2. Goods held in trust and Property in care and custody of insured.
3. Claims preparation cost is being asked for in material damage as well as in BI section of the policy separately with independent limits.
4. Loss minimization expenses, Fire fighting expenses are being demanded separately with separate limits although the basic policy cannot deny any amount incurred by the insured with the sole intention of minimizing the loss without any limit so long as you save more than what you spend.
This list will go on but the basic question is how does it help the insured in the event of a claim.
Don't know how my insurance friends would react to this post.

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