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
Primary horizontal support for a structure such as a house. It may be a large piece of wood, stone, iron, or other material that lies across the walls, and serves as support of the ...
Ownership of property transfers from the seller to the buyer when the parties sign the contract. ...
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Individual with legal privileges and obligations. The legal term is sometimes used for a corporation. ...
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Owned by one individual or sole ownership. ...
Managing property directly at its location. The management functions may include showing prospective tenants the facilities, collecting rents, and doing upkeep on the property. ...
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The external covering finish of a structure which protects it from the elements. Exterior finish materials, including shingles, siding, and paints, are design to resist severe weathering ...
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