What does Arson mean? Read on to discover the definition & meaning of the term Arson - to help you better understand the language used in insurance policies.
Arson refers to the criminal act of maliciously or deliberately setting property on fire. Legal penalties depend on the severity of the crime and range from fines and restitution to probation and imprisonment. In terms of insurance, policyholders may commit arson with the fraudulent intent of causing property damage so as to receive insurance compensation.
We hope the you have a better understanding of the meaning of Arson.