Property Damage Liability Insurance

Definition of "Property damage liability insurance"

Nina  Malatesta, Associate Broker real estate agent

Written by

Nina Malatesta, Associate Brokerelite badge icon

NextHome Endeavor

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The Loan-to-value ratio (LTV)  is a calculation that measures how much you need to pay for a mortgage (loan) concerning how much the asset is worth. The loan-to-value ratio in real ...

The clause in a deed beginning with the words " to have and to hold" limiting or defining the ownership nature of the estate in the property granted by the deed. Declares the type of ...

Device that cuts off an electric circuit when the current becomes to strong. ...

Law enacted by a local authority applicable to the action of people or things. An example is a fine of $5,000 for littering vacant real estate. ...

Large room at the entrance to a building designed for people to converse or move about freely. ...

The value of property subject to tax. The tax equals the tax rate multiplied by the property's value. ...

How much water may be retained in a unit, such as an expansion tank in a home. ...

Style of the 19th century resembling an old church. It has a tile roof, arch-shape windows, stucco walls, and pyramid roof. ...

An individual, educated, trained, and licensed in the principles of designing structures, and rendering drawings, specifications, bidding requirements. ...

Popular Real Estate Questions