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Refinance and Mortgage Encyclopedia - occurrence policy

Occurrence Policy

A Liability InsuranceInsurance that pays when you are liable for injuries to other persons or damage to their property. policyThe written contract of insurance. that covers claims arising out of occurrences that take place during the policy periodThe period a policy is in force, from inception date to expiration date., regardless of when the claimNotice to an insurer that under the terms of a policy, a loss maybe covered. is filed.

Occurrence Policy

A liabilityThis coverage will pay for BODILY INJURY and/or PROPERTY DAMAGE to the OTHER party for which you become policyThe written contract of insurance. for claims arising out of incidents that occur during the policy periodThe period a policy is in force, from inception date to expiration date., regardless of whether the policy is still in effect at the time the claimNotice to an insurer that under the terms of a policy, a loss maybe covered. is made.
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