MLchartDataset catalogue

Collapse: homeowners policy

Term · Insurance and risk management · MLC-T-INS-000810

A sudden and abrupt falling down or caving in of a building or part of a building, which renders the structure uninhabitable or unusable. This peril is covered under most homeowners' policies, but the cause of the collapse must be specifically listed in the policy, such as hidden decay or insect damage. Damage from settling, cracking, or shrinking is usually excluded.

Table 1. Record
IdentifierMLC-T-INS-000810
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-000810",
  "term": "Collapse: homeowners policy",
  "field": "Insurance and risk management",
  "definition": "A sudden and abrupt falling down or caving in of a building or part of a building, which renders the structure uninhabitable or unusable. This peril is covered under most homeowners' policies, but the cause of the collapse must be specifically listed in the policy, such as hidden decay or insect damage. Damage from settling, cracking, or shrinking is usually excluded.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/collapse-homeowners-policy/"
}

Record 609 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.