Property insurance that covers all direct damage to property except damage caused by perils specifically excluded is called commercial general liability (CGL) insurance.

Question

Quizplus · Accepted Answer

The statement is incorrect. Commercial general liability (CGL) insurance covers third-party bodily injury or property damage claims, not direct damage to property. Property insurance that covers direct damage to property is typically called property or commercial property insurance.

Property Insurance That Covers All Direct Damage to Property Except