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Simple English definitions for legal terms

loss-of-use exclusion

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A quick definition of loss-of-use exclusion:

Loss-of-use exclusion is a term used in insurance policies that means certain events or conditions are not covered. For example, if a person's car is damaged and they cannot use it, the loss of use may not be covered by their insurance policy. This is called a loss-of-use exclusion. Other types of exclusions include pollution exclusion, employee-liability exclusion, and expected/intended exclusion. These exclusions are meant to limit the liability of the insurance company and protect them from certain types of claims.

A more thorough explanation:

A loss-of-use exclusion is a provision in some insurance policies that excludes coverage for certain events or conditions. For example, a failure-to-perform exclusion may exclude coverage for the loss of use of undamaged property resulting from the insured's delay or failure in performing an obligation.

Other examples of exclusions include:

  • Automobile exclusion: excludes coverage for damages arising from the use of a vehicle owned, operated, rented, or borrowed by the insured.
  • Business-risk exclusion: excludes coverage for common risks of doing business, such as harm to the insured's product or work.
  • Pollution exclusion: excludes coverage for bodily injury or property damages arising from the discharge, dispersal, release, or escape of pollutants.

These exclusions limit the scope of coverage provided by the insurance policy. For example, if a business has a failure-to-perform exclusion in their policy and fails to deliver a product on time, resulting in the loss of use of undamaged property, they may not be covered for the resulting damages.

loss-of-chance doctrine | loss-payable clause

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] 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
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