Define 'property damage' as used in a CGL policy.

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Get ready for your CISR Commercial Casualty I Exam. Study with multiple choice questions, gain insights with explanations and hints. Enhance your understanding and increase your chances of success!

Multiple Choice

Define 'property damage' as used in a CGL policy.

Explanation:
Property damage in a Commercial General Liability policy refers to harm to physical, tangible property, including any loss of use of that property, or its destruction or damage. This means the policy covers things you can touch that are damaged or made unusable. That’s why the definition stating physical injury to tangible property, including loss of use, or destruction or damage, is the correct one. It does not describe bodily injury to people, which is a separate coverage area, nor does it describe lost income from business interruption unless that income loss results from property damage.

Property damage in a Commercial General Liability policy refers to harm to physical, tangible property, including any loss of use of that property, or its destruction or damage. This means the policy covers things you can touch that are damaged or made unusable. That’s why the definition stating physical injury to tangible property, including loss of use, or destruction or damage, is the correct one. It does not describe bodily injury to people, which is a separate coverage area, nor does it describe lost income from business interruption unless that income loss results from property damage.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy