owned property exclusion

Insurance. A provision in a comprehensive general liability insurance policy allowing only third parties who are injured on or by the insured’s property to make liability claims against the insurer.

• The provision ordinarily excludes coverage for (1) property owned, rented, occupied, sold, given away, or abandoned by the insured, (2) personal property in the care, custody, or control of the insured, and (3) property located where the insured and its employees work. [Cases: Insurance 2278(25). C.J.S. Insurance § 947.]


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法律翻译Bernardine,毕业于新加坡知名法学院,专注翻译各类与文娱与体育有关的法律文件。
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