Debris Removal Insurance


DEFINITION of 'Debris Removal Insurance'

A section of a property insurance policy that provides reimbursement for clean-up costs associated with damage to a property. Policies with a debris removal provision typically only cover debris resulting from an insured peril, such as charred wood from a building fire.

BREAKING DOWN 'Debris Removal Insurance'

Policies commonly have a cap on the amount of reimbursement that a policyholder can receive for debris removal costs. While policies typically have debris removal as a standard provision, the policyholder is often able to purchase additional coverage.

The policy provision may also extend to the removal of hazardous materials that may cover the property, but could exclude pollutants.

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  1. What is the difference between a peril and a hazard?

    The two related terms "peril" and "hazard" are often used in reference to the insurance industry. Essentially, a peril is ... Read Full Answer >>
  2. What level of reserve ratios is typical for an insurance company to protect against ...

    In the United States, and most developed nations, regulators impose required statutory capital reserve ratios on insurance ... Read Full Answer >>
  3. What risks do I face when investing in the insurance sector?

    Like all equity investments, insurance companies present investors with market risk. Insurance companies, like banks, also ... Read Full Answer >>
  4. 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 >>
  5. Why do insurance policies have deductibles?

    Insurance policies have deductibles for behavioral and financial reasons. Moral Hazards Deductibles mitigate the behavioral ... Read Full Answer >>
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    Partnership insurance is actually quite common. Most of the time, partners buy insurance to safeguard against the possibility ... Read Full Answer >>

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