Occurrence


Definition of "Occurrence"

Sylvia Costantino
Sylvia Costantino Peoples Choice Realty

Event that results in bodily injury and/or property damage to a third party. A clause that is common to most liability insurance policies stipulates that all bodily injuries and/or property damages resulting from the same general conditions are interpreted as resulting from one occurrence and thus subject to the policy limits per occurrence.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Contingent Vesting

Right to property depends on some occurrence. ...

Independent Events

Events that do not have any influence on the occurrence or nonoccurrence of another event; for example, a plane crashing in Shreveport should have no ...

Contract Inception And Time Of Loss

Same as term Claims Made Basis: method of determining whether or not coverage is available for a specific claim. If a claim is made during the time pe ...

Occurrence Basis

Coverage, in liability insurance, for harm suffered by others because of events occurring while a policy is in force, regardless of when a claim is ac ...

Reportable Event

Obligation of the insured to report losses from a covered peril to the insurance company or its representative as soon after its occurrence as possibl ...

Condition Precedent

Contractual obligation that requires one party to the contract to fulfill its obligation before another party to the contract is required to fulfill i ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

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

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a gated community? What is an escrow officer? What is an annuity? What do I need to know about Renters Insurance, and what does it cover? What is a gift letter?