What does the acronym WC SHAVVER stand for in the context of extended coverage perils?

The acronym WC SHAVVER is used to help remember specific perils that are typically covered under extended coverage in property insurance policies. The correct interpretation of the acronym includes Windstorm, Civil Commotion, Smoke, Hail, Aircraft, Vehicles, Volcano, Explosion, and Riot. Each of these elements represents a different type of peril that can impact a property.

Understanding this acronym is important because it highlights perils that may not be included in standard coverage but can be essential for providing comprehensive protection. Numerous insurance policies specifically mention these perils to address potential risks, ensuring that consumers are adequately informed about the types of damages that are covered.

The other options provided contain elements that do not correspond with the established definitions in insurance literature or they list perils that are not included in the WC SHAVVER acronym, which serves to clarify the exact types of damage considered under extended coverage perils.