What does Alienated Premises mean? Read on to discover the definition & meaning of the term Alienated Premises - to help you better understand the language used in insurance policies.
Premises that have been sold or given away to another or abandoned. An exclusion in the standard commercial general liability (CGL) policy states that coverage does not apply to property damage (PD) to such premises arising out of those premises. An exception to this exclusion clearly leaves coverage intact for contractors' completed operations as long as the premises were never occupied, rented, or held out for rental by the named insured.
We hope the you have a better understanding of the meaning of Alienated Premises.