Casualty Insurance


Definition of "Casualty insurance"

Coverage primarily for the liability of an individual or organization that results from negligent acts and omissions, thereby causing bodily injury and/or property damage to a third party. However, the term is an elastic one that traditionally has included such property insurance as aviation insurance, boiler and machinery insurance and glass and crime insurance.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Farmers Comprehensive Personal Liability Insurance

Provides the same coverage as a comprehensive personal liability insurance policy, plus coverage to ...

Employee Health Benefits

Same as term Employee Benefit Insurance Plan: provision by an employer for the economic and social w ...

Clause

In an insurance policy, sentences and paragraphs describing various coverages, exclusions, duties of ...

Reliction

An increase in land occurring from the withdrawal of a body of water. Normally, when reliction occu ...

Commuted Value

Same as term Commutation Right: right of a beneficiary of a life insurance policy to exchange the fu ...

Stabilization

Economic policies designed to reduce the fluctuation in the business cycle. An example is Federal ...

Related Real Estate FAQ

What Is A Title?

A title is the right of property ownership. ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? 3 tips to ensure your sale goes through Short Sale Homes 6 Reasons you are not selling properties Rent or Buy - the pros and cons

FAQ

What is a Buildable acre? What is a VA loan? What is a broker? Do I need flood Insurance? What is a lifetime rate cap?