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Water Damage Legal Liability Insurance

What is 'Water Damage Legal Liability Insurance'

A policy that provides financial protection to a person or business that unintentionally causes water damage to the property of another. Water damage legal liability insurance is not included in all policies, so the insured should read his or her insurance contract carefully to determine if this coverage is included.

Explaining 'Water Damage Legal Liability Insurance'

For example, if the owner of a second-floor condo unit experienced a water heater explosion and the water leaked into any units on the first floor, water damage legal liability insurance would protect the owners of the second-floor condo by providing the money to repair the damage to the first-floor units. This kind of insurance can also benefit renters, as renters don't own the property they occupy, they can be held liable for water damage to their own unit as well as neighbors' units.


Further Reading


Pollution liability and insurance: an application of economic theory
www.jstor.org [PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

The rise and fall of commercial liability insuranceThe rise and fall of commercial liability insurance
www.jstor.org [PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

Application of Liability Insurance in Mass Tort of Risky Society <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-HBFX201110001.htm' />Application of Liability Insurance in Mass Tort of Risky Society [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-HBFX201110001.htm'>PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

The Issue on The System of Environmental Liability Insurance——and on socialization of environmental damage compensation <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-XZYF200506041.htm' />The Issue on The System of Environmental Liability Insurance——and on socialization of environmental damage compensation [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-XZYF200506041.htm'>PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

The role of aviation laws and legal liability in aviation disasters: A financial market perspectiveThe role of aviation laws and legal liability in aviation disasters: A financial market perspective
www.sciencedirect.com [PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

… of the implementation of the directive 2004/35/EC on environmental liability with regard to the prevention and remedying of environmental damage at European level… of the implementation of the directive 2004/35/EC on environmental liability with regard to the prevention and remedying of environmental damage at European level
www.tandfonline.com [PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …

Mandating environmental liability insuranceMandating environmental liability insurance
heinonline.org [PDF]
… 309-313]. Optimizationl In Figure 1, A is the person, firm or group that is polluting and B is the damaged person, firm or group … Then, an estimation was made of the possible extent of action- able damage from the release of the contaminant to sewage works, to water- ways, to …



FAQ


What is liability insurance?

Liability insurance is a part of the general risk financing system to protect purchasers from claims that come within the coverage of an insurance policy.

What does liability insurance protect against?

Who has the duty and right to defend insureds?

The insurer has this responsibility.

How do you determine if a claim falls under your liability policy?

You must look at what is covered in your particular policy.

What are some examples of perils not included in most policies?

Intentional acts, contractual liabilities, and damage caused by war or nuclear disaster are not typically covered under liability policies.

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