What is the Definition of Pollution Insurance?

What is the Definition of Pollution Insurance?

Policies that cover property loss and liability arising from pollution-related damages, for sites that have been inspected and found uncontaminated. It is usually written on a claims-made basis so policies pay only claims presented during the term of the policy or within a specified time frame after the policy expires. (See Claims made policy)

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Pollution Insurance?

You can find random definition and meaning of insurance terms below:

What is the meaning of Anti-lock Braking System (ABS)

A computer-controlled high pressure system that assists the vehicle's normal braking system. ABS allows all wheels to slow at the same rate, thereby preventing loss of control.

What is the meaning of Anti-Theft Device

A device that deters auto theft. Autos equipped with these devices may entitle you to a discount on your insurance premiums.

What is the meaning of Appraisal

Process that determines the value of property, or the extent of damage, usually performed by an impartial expert.

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