Casualty


Definition of "Casualty"

Liability or loss resulting from an accident. Such liability or losses are covered under such policies as the following: business automobile policy (BAP), business property and liability insurance package, business owners policy (bop), casualty insurance, commercial general liability form (CGL), condominium insurance, homeowners insurance policy, personal automobile policy (pap), simplified commercial lines portfolio policy (sclp), tenants insurance, and workers compensation insurance.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Capacity

(1) In real estate, the amount of development dollars an area can profitably support. (2) Ability of ...

Named Insured

Person, business, or organization specified as the insured (s) in a property or liability insurance ...

Spanish Architecture

Designing a home with a Spanish cultural flavor. ...

Accident Insurance

Coverage for bodily injury and/or death resulting from accidental means (other than natural causes). ...

Blackout Period

Time interval between the date benefits end under Social Security and the date these benefits resume ...

Uniform Simultaneous Death Act

Statute in most states under which, if no evidence exists in a common disaster (when an insured and ...

Related Real Estate FAQ

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

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 To Choose A Realtor Tax Breaks for the First Time Home Buyer What is Earnest Money 10 Tips for Homebuyers Rent or Buy - the pros and cons

FAQ

I need Hospital Insurance in addition to my current health insurance policy? What is zoning? What is a maintenance fee? What is an agent? What is an assessed value?