Beyond that, property damage liability insurance can save you from a financial disaster if you cause a serious accident with considerable damage to cars, motorcycles, or other
expensive pieces of property.
As your car is generally one of the most
expensive pieces of property that you own it's critical to ensure that it is adequately protected against all risks, including fires.
Not exact matches
Typical GL scenarios not covered by E&O are flushing a toilet that overflows and ruins new flooring or knocking over an
expensive vase during a walkthrough and breaking it (
property damage) or harming someone by dropping a ladder or other
piece of equipment (bodily injury).
For example, if someone is injured on your
property or your child ruins a friend's
expensive piece of artwork and sues you, this covers legal fees + damages.
For example, you will be getting renters insurance coverage that will pay for any losses to personal
property on your premises such as an
expensive piece of furniture, and your plan will also most likely cover some
of your possessions while they are with you or in your car as well.
Landlords and
property managers want to know who's getting the key to an
expensive piece of real estate and they want to ensure that it's going to be looked after.
Buying a home is more complicated, and more
expensive, than just paying for a
piece of property.