What does Municipal Insurance mean? Read on to discover the definition & meaning of the term Municipal Insurance - to help you better understand the language used in insurance policies.
Municipal insurance is coverage for local governments, such as small towns or counties. It provides protection for liabilities like damage or loss caused by public property, public institutions, or a public official such as a police officer. This insurance coverage can also protect local bonds when their value is below par.
We hope the you have a better understanding of the meaning of Municipal Insurance.