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What is Broad Form Property Damage?

Updated: 8/21/2019
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Q: What is Broad Form Property Damage?
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What is the plural possessive form of the noun property?

The plural form of the noun 'property' is properties.The plural possessive form is properties'.Example:All of the properties' owners have been compensated for the damage.


What is property damage coverage?

Damage to someones property if you were at fault.


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The noun form of the adjective 'broad' is broadness.The verb form of the adjective 'broad' is to broaden.


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what is broad form boiler and machinery insurance


How does property damage insurance work?

Property damage insurance covers damage to property, usually with exclusions. The insured pays monthly premiums and files a claim for any damage that the property receives. The insurer then sends out a claims adjuster to inspect and come up with a monetary amount for the damage.


What is covered by property damage liability insurance?

Propety Damage covers you if you damage someone elses property. Liability covers you in the event of a lawsuit.


What is Property Type PD?

In insurance terms, "PD" refers to property damage or physical damage to property. "Bi" refers to Bodily injury.


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Damage to property cause owners neglect?

Property damage is covered by a property liability insurance package. This applies to all incidents in which an automobile causes damage to another person's property such as a fence or house. If you do not have property liability insurance, the driver is responsible for covering the damages out of pocket.


Broad form completed operations?

The BFCO extension narrows the excluded portion of "your work" to exclude only the portion that was defective and caused the damage to the other work that was not defective, with this extension the CGL will now cover all property damaged by the negligent work of the insured including all parts of "your work" that were not defective or performed negligently.