Your CGL and Property Insurance May Not Cover All The Property You Think It Should


Typical CGL policies state that they cover damage to property “to which this insurance applies.” CGL policies commonly exclude from coverage property owned or rented by the insured, property rented by the insured, and property under construction. Similarly, property insurance such as builder’s risk and commercial property narrowly are tailored to cover only specific types or areas of property. The extent of coverage often is determined by the description listed on the policy schedule, not how the insured uses its property.

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