Liability Coverage When Part of the Property is Leased to an Oil Company
On an ISO HO 00 03 10 00 form, the insured leases land to a gas/oil company for $5,000 on a 5 year contract. The oil company installs an oil well with a pump. The oil well explodes and injures visitors or pollutes the neighbors' property. The insured is then named in a lawsuit.
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