MLchartDataset catalogue

Party walls

Term · Insurance and risk management · MLC-T-INS-002506

A wall shared by two adjoining properties, standing on the boundary line between them, where each owner has rights and responsibilities for its maintenance. In property insurance, coverage for a party wall addresses damage to the shared structure, with policies specifying how costs are allocated between the property owners' respective insurers. This allocation is governed by the party wall agreement or local property law.

Table 1. Record
IdentifierMLC-T-INS-002506
FieldInsurance and risk management
SubjectBusinessowners Policy
Record as JSON 
{
  "id": "MLC-T-INS-002506",
  "term": "Party walls",
  "field": "Insurance and risk management",
  "definition": "A wall shared by two adjoining properties, standing on the boundary line between them, where each owner has rights and responsibilities for its maintenance. In property insurance, coverage for a party wall addresses damage to the shared structure, with policies specifying how costs are allocated between the property owners' respective insurers. This allocation is governed by the party wall agreement or local property law.",
  "subject": "Businessowners Policy",
  "url": "https://mlchart.com/terminology/insurance/party-walls/"
}

Record 2,507 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.