Meaning Automatic reinstatement clause
What does Automatic reinstatement clause mean? Here you find 2 meanings of the word Automatic reinstatement clause. You can also add a definition of Automatic reinstatement clause yourself
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Automatic reinstatement clause In a property insurance contract, a clause providing for the automatic restoration of the full face value of the policy after the payment of a loss.
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Automatic reinstatement clauseDefinition A clause stating that the original policy limit will be reinstated after partial losses covered by the policy have been paid.
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