What is the definition of Arson?

Arson refers to the act of deliberately setting a fire. Arson may be attempted or an actual act that causes the loss of property of another party. That means the insurance company will pay for damages to the insured property that is caused by arson. However, payments will not be made if it is proven that it is the policy owner or the insured that committed the arson. This is to prevent people from burning their insured properties just to file a claim against that property. There are some states, however, that eliminated this rule.

Arson is a criminal offense subject to penalties imposed by the state. Penalties may go to as high as death penalty. The degree of the penalty depends on whether the arson was caused by recklessness or by criminal intent or malice. Also, the penalty is at its most severe when a human life is killed or endangered.

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