How is occurrence commonly defined in a property damage liability policy?

A) As a fire or flood
B) As an accident resulting in bodily injury or property damage.
C) As an event that triggers a subrogation clause
D) As an injury to the property owner occurring in the home

Subrogation Clause

A provision in an insurance policy allowing the insurer to take legal action in the name of the insured against a third party responsible for the insured’s loss.

Property Damage

Physical harm or destruction to someone's tangible property caused by another's actions or negligence.

Occurrence

An event that happens or takes place, especially one of importance.