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Real Estate/Development

May 5, 2000

Liquid Measure

Practitioner: Real Property Law By Arthur F. Coon and Douglas M. Smith Most commercial general-liability insurance policies provide coverage for damages or loss to "other property which the insured is found legally obligated to pay as property damage." Most policies also contain an "owned-property" exclusion, which specifically excludes policy coverage for damages or loss to property owned by the insured.

By Arthur F. Coon and Douglas M. Smith
         Most commercial general-liability insurance policies provide coverage for damages or loss to "other property which the insured is found legally obligated to pay as property damage." Most policies also contain an "owned-property" exclusion, which specifically excludes policy coverage for damages or loss to property owned by the insured.
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