Demolition Insurance


  • A form of insurance, generally offered as part of a property insurance policy, used to provide coverage for the costs involved in demolishing a building damaged irreparably by an insured peril, such as a fire or storm. Demolition insurance may or may not cover the removal of debris or pollutants, depending on the policy.

bulldozing insurance, wrecking insurance

Related Terms and Acronyms

  • Catastrophe Insurance Definition,
    • Insurance that covers losses due to catastrophe hazards such as hurricanes, earthquakes and terrorist attacks.
  • Commercial Property Insurance Definition,
    • Property insurance that provides coverage for damages to commercial property due to named perils such as fire or theft.
  • Debris Removal Provision Definition,
    • A property insurance policy provision that can pay for the costs of cleaning up debris resulting from insured damages.
  • Fire Insurance Definition,
    • Insurance that covers losses from fire damage to insured assets.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Peril Definition,
    • Anything that poses a risk of loss, which may or may not be insurable depending on the potential for risk.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Self-Build Insurance Definition,
    • Insurance that covers a homeowner for problems involved in a construction project.
  • Tear-down Condition Definition,
    • A house that is bought so it can be razed to make room for a newer house; usually located in a spectacular setting.
  • Water Damage Insurance Definition,
    • Insurance that covers water damage to insured property.
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