What Does Property Transfer Liability Insurance Mean?

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What does Property Transfer Liability Insurance mean? Read on to discover the definition & meaning of the term Property Transfer Liability Insurance - to help you better understand the language used in insurance policies.

Property Transfer Liability Insurance

Property Transfer Liability Insurance

Property transfer liability insurance covers the buyer of a property for third-party bodily injury (BI) and property damage (PD) claims and cleanup costs arising out of the property, but only for contamination that had not yet been detected as of the policy's inception date. Failure to disclose known contamination voids coverage with respect to that particular pollution incident.

We hope the you have a better understanding of the meaning of Property Transfer Liability Insurance.

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