What is a contractual liability exclusion?

A contractual liability exclusion is a term used in Arizona insurance claims law. It is a provision in an insurance policy that excludes liability from a specific activity that has been contractually agreed to by the parties involved. This means that if an insurance policy holder has a contract with another party that states that the party is liable for certain activities, then the insurance policy will not cover any losses incurred as a result of those activities. This exclusion is often used to protect insurance companies from having to pay for any legal liabilities that arise from a contractual agreement. The exclusion is effective in protecting the insurer from any responsibility they would otherwise have to pay for damages caused by the contract. It also allows them to provide more affordable insurance to customers.

Related FAQs

What steps are involved in the insurance claim process?
What are the different types of insurance policies?
What is an uninsured motorist coverage?
What is an assignment of rights?
What happens if my insurance claim is denied?
What is a negligence claim?
How do I know if an insurance claim has been settled?
What is a market value settlement?
What are the common elements of an insurance claim?
What are the time limits for filing an insurance claim?

Related Blog Posts

Navigating the Claims Process: A Guide to Insurance Claims Law - July 31, 2023
A Beginners Guide to Understanding Your Rights Under Insurance Claims Law - August 7, 2023
Tips for Filing an Insurance Claim and What You Need to Know About Insurance Claims Law - August 14, 2023
Common Mistakes to Avoid When Submitting an Insurance Claims Law Claim - August 21, 2023
Appealing an Insurance Claim Denial? Learn What Your Rights Are Under Insurance Claims Law - August 28, 2023