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

Window designed in an alcove extending outside the structure. A bay window makes the home look more attractive and adds light, as well as providing a better view. ...

Parcel of land that is totally surrounded by other land parcels not providing access to a highway. ...

For the definition of affirmative action, we can say it is a type of policy through which individuals that pertain to an underrepresented part of society get increased opportunities to ...

method of land description that identifies a parcel by specifying its shape and boundaries. ...

Eight-by-four sheet of material attached to a wall's studs. It can be made attractive by wallpapering or painting. ...

Person receiving la legacy from a will. Normally a legatee will receive personal property possibly including real property. ...

Type of ownership by husband and wife, recognized in 27 states, in which the rights of the deceased spouse pass to the survivor. It is the same as joint tenancy, except that one spouse ...

Also called price control or rental control. A controlled or administered price that is set for property by a federal or local agency typically in extraordinary circumstances. ...

First right of a party, usually a creditor, to hold, keep possession of, or control the property of another to pay a debt, duty, or obligation. ...

Popular Real Estate Questions