Property Damage Liability Insurance
Definition of "Property damage liability insurance"
An insurance policy that promises to pay all the legal obligations of the insured due to negligence in which damage to the property has been caused.
Popular Real Estate Terms
Uncertainty in the price of real estate due to market, economic, political or other conditions. ...
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Expected selling price of property less costs to sell. It is the net amount received upon the sale of property. gross receivables less allowance for doubtful accounts, representing the ...
Recurring obligation or assurance given. ...
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A tender has several meanings in everyday discourse. Most generally, tender means a formal offer designed for acceptance with the anticipation of soliciting a response in return. Bidding ...
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Distance from the location of natural ground and water to the actual ground level. ...
Legal obligation to pay taxes associated with owning property or earning income. For example, a real estate owner must pay property taxes. ...
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