Definition of "Bridge insurance"

Virginia Henry real estate agent
Virginia Henry, Real Estate Agent Keller Williams Realty

Coverage for damage or destruction to an insured bridge. Insures on an all risks basis subject to exclusions of war, wear and tear, inherent defect, and nuclear damages. Coverage is purchased by state and local governing bodies to limit exposures to the expense of an immediate tax increase to rebuild a damaged or destroyed bridge.

 

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