I received the following recent email query:
“I have a situation where my would-be-insured is needing, because the lease states it, fire legal liability $1,000,000 and the policy we have been offered by a carrier states, “Damages To Premises Rented To You” is only $100,000. The offering I received from the carrier is for CGL “CP 00 90.” Could you please shine some light in this?”
“Fire legal liability” is an outdated term that far too many still use, even though the standard liability policies dropped the term in the early 1980s. As that was more than 30 years ago, you would think that whomever drafted the lease would be more up-to-date.
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