Water Damage Legal Liability Insurance

Definition of "Water damage legal liability insurance"

Huey Huynh real estate agent

Written by

Huey Huynhelite badge icon

John Griffith Realty

Coverage for an insured's liability for damage to another's property from leakage or overflow of water. Some liability policies specifically exclude water damage, including that caused by rain or snow. Therefore, a special policy was necessary to cover this exposure. However, most liability policies today have dropped this exclusion, and coverage for water damage liability is part of the regular liability policy.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Value or property given by an individual to a trustee who holds and administers it for the benefit of the donee (recipient of the gift). For example, a father entrusts a life insurance ...

Of four SEC divisions that regulates the securities markets and the participants within these markets. ...

Insurance company's total premium income plus investment income. ...

Insurance policy under which the value equals the benefits to be paid to the plan participants (employees) at normal retirement age, assuming that (1) their rate of earnings remains the ...

Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. Because of the expertise of such an individual, there could be a loss of income, market ...

Principle that no liability exposure can result from the performance of proprietary functions. ...

Organization that develops and administers educational materials and examinations for life insurance agents. A significant objective of the courses is sales technique. ...

Financial holdings that can be converted into cash in a timely manner without the loss of principal, such as U.S. Treasury Bills. Liquidity of assets is one of the most important principles ...

Replacement for the earlier Family Automobile Policy (FAP) with these nine basic coverages: Coverage A Liability, The company pays damages for which an insured becomes legally obligated ...

Popular Insurance Questions