failure to perform exclusion

A provision in some commercial general liability policies, excluding coverage for (1) the loss of use of undamaged property resulting from the insured’s delay or failure in performing an obligation, or (2) a design defect or failure in the insured’s product.

— Also termed loss-of-use exclusion. [Cases: Insurance 2278(21).]

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词条贡献者

译者Terris，毕业于国内一流的高级翻译学院，擅长翻译各种与政府合同相关的法律文件。