A liberalization clause in insurance adjusts your policy as laws change, ensuring continued compliance without extra cost.
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What Is a Coinsurance Clause in Business Insurance?
You'll likely find a coinsurance clause in your commercial property insurance policy. This clause outlines how much insurance coverage you must carry in relation to the replacement cost of your ...
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. A hammer clause is an insurance policy clause that allows an insurer to compel the insured ...
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