Broad Form Property Damage Endorsement

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Hazard Insurance

    Insurance that protects a property owner against damage caused ...
  2. Premium

    1. The total cost of an option. 2. The difference between the ...
  3. Dread Disease Rider

    A special addition to a life insurance policy that gives a percentage ...
  4. Insurance

    A contract (policy) in which an individual or entity receives ...
  5. Liability Insurance

    Any type of insurance policy that protects an individual or business ...
  6. Fiduciary Negligence

    A professional malpractice in which a person fails to honor his ...
Related Articles
  1. Cover Your Company With Liability Insurance
    Home & Auto

    Cover Your Company With Liability Insurance

  2. Filling The Gaps In General Liability ...
    Home & Auto

    Filling The Gaps In General Liability ...

  3. Protect Your Company From Employee Lawsuits
    Home & Auto

    Protect Your Company From Employee Lawsuits

  4. Do You Need Casualty Insurance?
    Insurance

    Do You Need Casualty Insurance?

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center