Debris removal insurance,
Definition of Debris removal insurance:
Debris removal insurance is a section of a property insurance policy that provides reimbursement for clean-up costs associated with damage to property.
Policies with a debris removal provision typically only cover debris resulting from an insured peril, such as charred wood or twisted metal from a building fire.
Coverage provided in some commercial property insurance policies or as a separate policy that reimburses the costs associated with the removal of debris resulting from floods, fire and other perils. Standard commercial property insurance covers the cost of the damage, but may not provide coverage for clean-up.
How to use Debris removal insurance in a sentence?
- Debris removal insurance coverage is not typically part of a property owner's basic property insurance.
- Debris removal claims must be entered within 180 days and should include an estimate from a licensed contractor.
- Coverage is usually limited to 25% of the insurer's liability for the direct property loss by a covered cause of loss.
Meaning of Debris removal insurance & Debris removal insurance Definition