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Simple English definitions for legal terms

owned-property exclusion

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A quick definition of owned-property exclusion:

Owned-property exclusion is a term used in insurance policies that means only third parties who are injured on or by the insured's property can make liability claims against the insurer. This provision usually excludes coverage for property owned, rented, occupied, sold, given away, or abandoned by the insured, personal property in the care, custody, or control of the insured, and property located where the insured and its employees work. In simpler terms, if you own something and it gets damaged or causes damage, your insurance policy may not cover it.

A more thorough explanation:

Definition: Owned-property exclusion is a provision in a comprehensive general liability insurance policy that allows only third parties who are injured on or by the insured's property to make liability claims against the insurer. This provision usually excludes coverage for property owned, rented, occupied, sold, given away, or abandoned by the insured, personal property in the care, custody, or control of the insured, and property located where the insured and its employees work.

Example: Let's say that John owns a small business and has a comprehensive general liability insurance policy. One day, a customer slips and falls on a wet floor in John's store and gets injured. The customer can make a liability claim against John's insurance policy because the injury happened on John's property. However, if John's own property, such as his car or his personal belongings, gets damaged, he cannot make a liability claim against his own insurance policy because of the owned-property exclusion.

Explanation: The owned-property exclusion limits the liability coverage of an insurance policy to third-party claims only. This means that the insured cannot make a liability claim against their own policy for damages to their own property. The purpose of this exclusion is to prevent the insured from intentionally causing damage to their own property and then making a claim against their own policy to receive compensation.

owling | owners' association

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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
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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