Arson


Definition of "Arson"

Patti Bowman & Lisa Bowman Zeiter, Associate Brokers real estate agent
Patti Bowman & Lisa Bowman Zeiter, Associate Brokers Group One Sotheby’s International Realty

Actual or attempted malicious and deliberate burning of a physical asset owned by another party. Coverage against arson is provided under property insurance, but only if the insured has not committed the arson. The property insurance business has long worked to discourage arson and to prosecute arsonists.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Incendiarism

Act of starting a fire; arson. Arson is a covered peril under a property insurance contract, provided that the owner of the property is not responsibl ...

Life Insurance, Creditor Rights

Protection given to life insurance beneficiaries by state laws, under which the benefits of a life insurance policy usually cannot be attached by cred ...

Naic: Model Rating Laws National Association Of Insurance Commissioners

State laws based on a model law of the National Association of Insurance Commissioners (NAIC) that allow insurers to set rates independently; or adop ...

Bullet Guaranteed Investment Contract (bgic)

Type of guaranteed investment contract (GIC) under which a single payment is made into an account of an insurance company where it will remain for a s ...

Annuity Date

Date of the initial annuity payment. ...

Aviation Exclusion

Common exclusion in life and accidental death insurance (double indemnity) policies, indicating that coverage does not apply unless an insured is a pa ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Building a Real Estate Team Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House

FAQ

What if the computer I want to insure is homemade or custom-built? Who is a subagent? What is depreciation? What is an escrow officer? What is escrow?