Waterborne equipment exclusion
Term · Insurance and risk management · MLC-T-INS-003521
A provision in an insurance policy that removes coverage for damage to or caused by equipment while it is operating on or in water. This exclusion is common in general liability or property policies, requiring specialized marine insurance for such exposures. It typically applies to items like boats, barges, or other floating machinery.
| Identifier | MLC-T-INS-003521 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-003521",
"term": "Waterborne equipment exclusion",
"field": "Insurance and risk management",
"definition": "A provision in an insurance policy that removes coverage for damage to or caused by equipment while it is operating on or in water. This exclusion is common in general liability or property policies, requiring specialized marine insurance for such exposures. It typically applies to items like boats, barges, or other floating machinery.",
"url": "https://mlchart.com/terminology/insurance/waterborne-equipment-exclusion/"
}
Record 3,670 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.