Property damage

Property damage shall have the meaning given this term by applicable state law. This term shall not include those liabilities which, consistent with standard insurance industry practices, are excluded from coverage in liability insurance policies for property damage. However, such exclusions for property damage shall not include corrective action associated with releases from tanks which are covered by the policy.

Source

40 CFR § 280.92

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Scoping language

When used in this subpart, the following terms shall have the meanings given below:

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