Broad Form Property Damage Endorsement

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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.

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RELATED FAQS
  1. What happens if my insurance claim falls below the deductible level?

    Though the ins and outs of health insurance are often confusing, the concept of the insurance deductible is relatively straightforward. ... Read Full Answer >>
  2. How is the deductible I paid for my insurance claim treated for tax purposes?

    The deductible you pay on your health insurance policy may be tax-deductible if you meet certain conditions. However, whether ... Read Full Answer >>
  3. What are the main factors that impact share prices in the insurance sector?

    The main factors that impact share prices in the insurance sector are interest rates, earnings and actuarial risk. In the ... Read Full Answer >>
  4. Why do insurance policies have deductibles?

    Insurance policies have deductibles for behavioral and financial reasons. Moral Hazards Deductibles mitigate the behavioral ... Read Full Answer >>
  5. Which emerging markets are seeing the strongest growth in the insurance sector?

    The emerging market economies seeing the strongest growth for the insurance sector are primarily the main emerging market ... Read Full Answer >>
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    A wide range of possible deductibles are available with health insurance plans, starting as low as a few hundred dollars ... Read Full Answer >>

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