Coverage for an insured whose property is damaged or destroyed by an insured peril, or whose negligent acts or omissions damage or destroy another party's property or cause bodily injury to another party. See also Business Auto Coverage Form; Business Property and Liability Insurance Package; Businessowners Policy; Condominium Insurance; Homeowners Insurance Policy; Personal Automobile Policy (PAP); Commercial Package Policy; Tenants Insurance.
Property and Liability Insurance
| Insurance Dictionary: Property and Liability Insurance |
| 5min Related Video: Property and Liability Insurance |
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 | Tariff Rate (insurance term) |
| Direct Written Premium (insurance term) |
| Loss Constant (insurance term) |
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 | Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
Related answers
- Is A property or liability insurance policy a business or liability contract?
- Does liability insurance include damage to others property?
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Answer these
- Can you have only liability insurance on property?
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Mentioned in
- Tariff Rate (insurance term)
- Direct Written Premium (insurance term)
- Loss Constant (insurance term)
- Nonassignable Policy (insurance term)
- Amount At Risk (business term)
- Business Property and Liability Insurance Package (business term)
- Certificate of Insurance (insurance term)
- Immediate Notice (insurance term)
- Prospective Rating (insurance term)
- Real Estate (insurance term)
- Property Damage Liability Insurance (business term)
- Contract of Indemnity (business term)
- American Insurance Association (AIA) (insurance term)
- Deposit Premium (insurance term)
