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LSDefine

Simple English definitions for legal terms

arson clause

Read a random definition: lagging economic indicator

A quick definition of arson clause:

An arson clause is a rule in an insurance policy that says if someone intentionally sets a fire, the insurance company won't pay for any damage caused by that fire. So, if someone burns down their own house on purpose, they can't get money from their insurance company to fix it.

A more thorough explanation:

Definition: An arson clause is a provision in an insurance policy that states that the policy will not cover losses caused by fire if the insured intentionally started the fire.

Example: If a homeowner sets fire to their own house in order to collect insurance money, the arson clause would prevent them from receiving any compensation for the damages.

Explanation: The purpose of the arson clause is to discourage people from committing arson for financial gain. If an insured person intentionally sets fire to their property, they are committing a crime and should not be able to benefit from their illegal actions by receiving insurance money.

Additional Example: A business owner who is struggling financially might be tempted to set fire to their store in order to collect insurance money. However, if they have an insurance policy with an arson clause, they would not be able to receive any compensation for the damages they caused.

Additional Explanation: The arson clause protects insurance companies from fraudulent claims and helps to keep insurance premiums affordable for honest policyholders. Without this provision, people could intentionally cause fires and then collect insurance money, which would drive up the cost of insurance for everyone.

arsonable | arsonist

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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