Host Liability


Definition of "Host liability"

Exposure created by an individual acting as a host serving alcoholic beverages at no charge to persons already intoxicated, resulting in these intoxicated individuals causing property damage and/or bodily injury to third parties.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Satisfaction

Discharge of an obligation through payment or the rendering of a service. An individual is please ...

Tort, Unintentional

Individual action or failure to act as a reasonably prudent person would under similar circumstances ...

Mortgage Banker

Person or business that originates mortgages and receives payments. The mortgage banker typically se ...

Employee Health Benefits

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

Policy Loan

Amount that the owner of a life insurance policy can borrow at interest from the insurer, up to the ...

Insurance Broker

Representative of an insured, not of an insurance company. Acts of a broker are not the responsibili ...

Related Real Estate FAQ

When Should I Get Travel Insurance?

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

What Is Freddie Mac?

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

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

What is the Best Time of Year to Buy a Home? How is Square Footage Determined? 7 Tips for a First Time Homebuyer How to become a real estate agent What do Real Estate Attorneys do?

FAQ

What do I need to know about Condominium Insurance? What is a seller disclosure? What is PITI and what does it stand for? What does Fannie Mae mean? Should I Pay Points for a Lower Rate?