Property And Liability Insurance
Definition of "Property and liability insurance"
Coverage for an insured whose property is damaged or destroyed by an insured peril, or whose negligent acts or omissions damage or destroy another party's property or cause bodily injury to another party.
Popular Insurance Terms
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Premium rate charged by the insurance company (insurer), which is below the standard rate. ...
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Coverage for acts or omissions committed by an agent or broker resulting in adequate insurance in the event of a liability suit or property damage to a client. ...
Insurance company's investments in assets other than in companies it controls and/or companies with which it shares common ownership, stocks, and bonds. ...
Insurance company that is licensed by a state to market and service particular lines of insurance in that state. ...
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