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

法律翻译玉晶，毕业于英国一流的高级翻译学院，专注翻译各类与通用数据保护条例有关的法律文件。