Sprinkler Leakage Legal Liability Insurance


Definition of "Sprinkler leakage legal liability insurance"

Coverage for liability for damage to property of others from untimely discharge of fire-fighting sprinkler systems. This coverage is available as an endorsement to broad-form comprehensive general liability insurance (CGL).



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Nonforfeitability

provision in a CASH VALUE INSURANCE policy that an insured will receive the equity in some form eve ...

Lay Underwriter

Home office underwriter who evaluates risk based on probability, statistics, and medical knowledge. ...

Property Insurance Coverage

Coverage for direct or indirect property loss that can be analyzed under the following headings: Pe ...

Contribute-to-loss Statute

Law in some states that permits an insurance company to deny payment of a claim resulting from an in ...

Insurance Programs

Insurance furnishes an important tool in satisfying the financial objectives of people or a business ...

Covered Expenses

in health insurance, reimbursement for an insured's medically related expenses, including room and ...

Related Real Estate FAQ

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is A Mortgagee?

A morgagee is the lender. ...

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 Hazard Insurance? Short Sale Homes What is the Best Time of Year to Buy a Home? How To Sell Your Home Real Estate Open House - The Dos and Don

FAQ

What is a Buildable acre? What does an appraisal mean? What is depreciation? How Much Income Do I Need ? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase?