DEFINITION of 'Broad Form Property Damage Endorsement'
An addition to a general liability policy. A broad form property damage endorsement eliminates the exclusion of property under the care of the insured. A higher premium is most often paid for this additional insurance.
BREAKING DOWN 'Broad Form Property Damage Endorsement'
General liability insurance is insurance where a person is liable to be sued for damage caused by negligence. It is commonly applied to people who provide services, homeowners and drivers to name a few.