property damage insurance

property damage insurance

Part of general liability insurance covering injury to or destruction of tangible property, including loss of use resulting therefrom, but usually not including property which is in the care, custody, and control of the insured.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
OIL, which provides members with property damage insurance coverage with limits up to $250 million per occurrence, has a per event aggregate limit of $1 billion.
Obtaining a certified contractor's license, which allows a contractor to work anywhere in the state, is a lengthy, rigorous process that includes a two-day exam (given once a month) and a thorough check of the applicant's financial stability and proof of workers' comp and liability and property damage insurance, says Kristin Ploska, spokesperson for the Florida Department of Business and Professional Regulation.
In addition to already escalating insurance costs, a second bill p passed by the council would require building owners to c personal injury and property damage insurance for side walk injuries.
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