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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ