Water Damage Legal Liability Insurance
Definition
- A type of insurance that provides coverage for liability in the event that the policyholder causes water damage to the property of another entity. For example, if the policyholder's bathtub were to overflow and the apartment directly below the insured's were to suffer water damage, a water damage legal liability insurance policy could provide coverage.
Synonyms
water damage liability coverage, water damage liability policy, water damage liability insurance
Related Terms and Acronyms
- Debris Removal Provision — Definition,
- A property insurance policy provision that can pay for the costs of cleaning up debris resulting from insured damages.
- Flood Insurance — Definition,
- An insurance policy that provides coverage for the damages resulting from flooding. Canadian homeowners are currently unable to purchase flood insurance.
- Flood Plain (flpl) — Abbreviation,
- Land that is prone to inundation.
- Water Damage Insurance — Definition,
- Insurance that covers water damage to insured property.
- Water Exclusion Clause — Definition,
- A provision that gives an insurer the option to deny coverage for certain kinds of water damage.
