Broad form property damage endorsement,

Definition of Broad form property damage endorsement:

1. A broad form property damage endorsement refers to, among other things, liability coverage for damage from work performed by subcontractors on behalf of owners and general contractors. The necessity for a broad form property damage endorsement has become obsolete as reforms in the 1980s required it to be included under CGL coverage. Therefore, under current CGL coverage, a broad form property damage endorsement automatically applies unless otherwise excluded.

2. A broad form property damage endorsement was an addition to a commercial general liability (CGL) policy that eliminated the exclusion of property as part of the coverage provided by the insurer. A higher premium was usually required for this additional coverage.

3. An addition to a general liability policy that negates the exclusion of property in the care or custody of the insured.

How to use Broad form property damage endorsement in a sentence?

1. A broad form property damage endorsement is an addition to a commercial general liability policy that has removed the exclusion of property as part of the insurance coverage.
2. In 1986, the commercial general liability policy was updated to include the terms of broad form property damage endorsements.
3. Today, a broad form property damage endorsement is obsolete as the areas it seeks to cover are now included under commercial general liability policies.
4. Broad form property damage endorsements were needed in relation to the 1973 comprehensive general liability insurance policy that had many exclusions regarding property damage.