Insurance Glossary

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Insurance Term - Occurrence

An event that results in an insured loss is known as an occurrence. In some lines of business, such as liability, an occurrence is distinguished from an accident, in that the loss does not have to be sudden and fortuitous, and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected not intended (i.e., it is unforeseen) by the insured.

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