Broad Form Property Damage Endorsement

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.



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