How is an occurrence defined in ISO Personal Umbrella Liability Policy?

An occurrence in the context of an ISO Personal Umbrella Liability Policy is defined as an event that results in bodily injury or property damage. This definition is broad and encompasses various scenarios, reflecting the policy's intent to provide coverage for a range of unfortunate events that can cause harm to individuals or damage to property.

The importance of this definition lies in its inclusive nature, as it not only covers accidents that may happen in a single incident but also extends to situations where multiple injuries or damages could arise from one event. This means that if a single incident causes injury to several parties or damages multiple properties, it would still be considered one occurrence under the policy terms.

Understanding this definition is crucial for policyholders, as it impacts the coverage limits and how claims are processed. By defining an occurrence in this way, the umbrella policy aims to provide comprehensive protection and peace of mind, knowing that various potential incidents are covered under the broad definition.