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- A railroad sidetrack agreement is an agreement between a railroad company and a property owner whose land is used as part of the company’s railroad track12345. In this agreement:
- The railroad agrees to build a siding on the property of the business.
- The business will hold the railroad harmless for certain liability arising out of the use of the sidetrack.
- The property owner agrees not to sue the railroad for covered accidents that might occur on the owner's property.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A railroad sidetrack agreement is an agreement between a railroad and a business in which the railroad agrees to build a siding on the property of the business, and the business will hold the railroad harmless for certain liability arising out of the use of the sidetrack.www.irmi.com/term/insurance-definitions/railroad-si…The sidetrack agreement is an agreement between a property owner and a railroad company that adds specific exclusions to the coverage provided by a liability insurance policy. The “sidetrack” refers to an expanse of railroad track that runs through the property owner’s land.smallbusiness.chron.com/sidetrack-agreement-me…A sidetrack agreement is an agreement between a railroad company and a property owner whose property is used as part of the company’s railroad track. This agreement minimizes a portion of the railroad company’s liability.www.insuranceopedia.com/definition/4191/sidetrac…Railroad Sidetrack Agreement An agreement between a railroad company and the owner of a property on which a rail sidetrack is built. The owner agrees not to sue the railroad for covered accidents that might occur on the owner's property. It is also simply called a sidetrack agreement.financial-dictionary.thefreedictionary.com/Railroad+…Sidetrack insurance is an agreement between a railroad company and the owner of a private property whose land is crossed by a railroad track. This agreement absolves the railroad company of any liability should any damage happen to the private property.www.insuranceopedia.com/definition/4192/sidetrac… - People also ask
railroad sidetrack agreement - IRMI
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