Elevator Liability Insurance

Definition of "Elevator liability insurance"

Coverage for suits brought by a plaintiff as the result of bodily injury incurred while using an elevator on the insured's premises.

Search Real Estate Glossary

Related Real Estate Glossary terms

Liquidity Risk

Risk that an individual may have to sell assets at distressed prices to raise funds. An example i ...

Completion Bond

Bond given by a building contractor to a public authority and guaranteed by a third party, usually a ...

Basic Limits Of Liability

Required minimum amounts of coverage that an insurance company will underwrite. For example, for aut ...

Ipso Facto

The result of an act or a fact. ...

Product Recall Exclusion

Exception in general liability policies for all expenses associated with product recall. In recent y ...

Intentional Tort

Deliberate act or omission, including trespass, assault and battery, invasion of privacy, libel, and ...

Related Real Estate FAQ

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is A Default?

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

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

5 U.S. Cities with the Best Public Transportation What do Real Estate Attorneys do? How Does The Home Loan Underwriting Process Work? Mortgage Loan Types How To Sell Your Home

FAQ

What should I do if I'm in an accident? What does FSBO mean? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What are prepayment penalties? What is a housing ratio?