Liability insurance provides protection for a property owner from claims that arise due to injuries or damage to others or their property. It covers legal costs and any payouts for which the insured would be responsible if found legally liable.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!