Property transfer liability insurance

{
  "id": "MLC-T-INS-002729",
  "term": "Property transfer liability insurance",
  "field": "Insurance and risk management",
  "definition": "Coverage designed to protect parties involved in the sale or transfer of real estate from environmental liabilities. This policy addresses unknown or pre-existing pollution conditions on a property that may be discovered after the transaction is complete. It can cover cleanup costs, third-party bodily injury, and property damage claims arising from such contamination.",
  "url": "https://mlchart.com/terminology/insurance/property-transfer-liability-insurance/"
}