Relief Well Coverage

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What does Relief Well Coverage mean? Read on to discover the definition & meaning of the term Relief Well Coverage - to help you better understand the language used in insurance policies.

Relief Well Coverage

Relief Well Coverage

Coverage for the cost of drilling a new well for the purpose of releasing underground pressure to assist in bringing a wild oil or gas well under control. It is an optional operators extra expense (OEE) policy coverage.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

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