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A general liability policy has fire legal liability does this provide any of the property perils say hail or wind damage to the building or space the insured is occupying?
Wiki User
∙ 14y ago
No, the coverage would only apply for losses as a result of a fire.
Wiki User
∙ 14y ago
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Does a builders risk policy provide liability?
It depends if the builder's risk policy is just for property or for property and liability. You can have a builder's risk policy, which includes general liability. If the insured is owner of the building, the general liability exposure is the cost of the project and will classes under subcontractor.
What is general liability and lessor's risk?
Lessor's Risk Only (LRO) provides liability and property coverage for building owners who lease out their entire building or occupy less than 75% of the building and lease out the remainder. Also called landlord's insurance.
What is the difference between lessor's risk insurance and property liability insurance?
Lessors risk coverage is for the owner of a property that leasing it to a tenant and needs a policy to cover their interest in the building and liability for third party claims. Property liability or general liability is typically included under the lessors risk policy and protects the owner from claims by third parties. For example, if I was walking up stairs in a building, slipped and fell resulting in a broken arm the owner could be found responsible for my injuries.
Is there a Loss Payee on General Liability policies?
To my knowledge there are no loss payees on general liability policies as there is no property coverage on general liability. Loss payee is a term on a property policy used to indiciate that the loss payee listed would get paid in the event there was a property claim. Most frequently a mortgagee or lender asks to be loss payee. General liability policies have additional insured endorsements to extend coverage to third parties who you may be working with.
Does all general liability insurance cover damage at depreciated value?
General liability insurance does not provide property coverage, except for 3rd party claims alleging property damage due to the insureds' negligence.
What exactly is general liability?
General liability means that your friend has been found responsible for something. Liability is usually an insurance term, it means they pay for damages to other peoples property or self.
Purchase General Liability Insurance?
form_title=Purchase General Liability Insurance form_header=Protect yourself and your business from accidents with general liability insurance. Describe the business and/or property needing insurance:=_ Have you had this product in the past?= () Yes () No How soon do you need this product?=_
What in the world is commercial general liability?
Commercial general liability is an insurance policy that protects a business against lawsuits that pertain to bodily injury and property damage that may have come from the business.
What is a 220 license?
In Florida, a 220 license is for insurance agents ie, a licensed property and casualty agent. It is also called a General Lines License. It covers automobile, aviation, maritime, property liability, and General Liability. To get a license you must take a 200 Hour course.
What does general liability insurance typically cover?
General liability insurance typically covers a third party from putting a claim against a companies operations. Some of the things that can be covered are property damage and bodily injury.
Where can you purchase Homeowner Association Directors and Officers insurance and general liability and property Insurance?
You want to talk with a Commercial Lines Property & Casualty broker.
What is the difference between marine general liability and commercial general liability?
Liability provides coverage for claims or losses in which you can be held liable for damages or in which you have been accused of being responsible. Comprehensive coverage would also provide coverage for other aspects of your business, such as property, inventory, business autos and equipment, cash flow, etc..
