Underground property damage
Term · Insurance and risk management · MLC-T-INS-003402
Damage to property located beneath the surface of the earth, such as pipes, conduits, cables, or foundations. This type of damage is often excluded from standard liability policies unless specifically covered by an endorsement. Construction and excavation activities frequently pose a risk of underground property damage.
| Identifier | MLC-T-INS-003402 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003402",
"term": "Underground property damage",
"field": "Insurance and risk management",
"definition": "Damage to property located beneath the surface of the earth, such as pipes, conduits, cables, or foundations. This type of damage is often excluded from standard liability policies unless specifically covered by an endorsement. Construction and excavation activities frequently pose a risk of underground property damage.",
"url": "https://mlchart.com/terminology/insurance/underground-property-damage/"
}
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