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ALIENATED PREMISES EXCLUSION
This exclusion eliminates coverage for property damage liability
to premises alienated (i.e., sold) by you. For example, you own
a lot and build a house on it. After the house is completed and
sold, a subcontractor's faulty wiring causes the house to burn.
The buyer, or his/her insurance company, sues you for the cost of
repairing or rebuilding the house. There is no coverage for this
exposure under standard liabilty policies.
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