A clause stating that the original policy limit will be reinstated after partial losses covered by the policy have been paid.
Related information about automatic reinstatement clause:
- Automatic Reinstatement Clause: Definition from Answers.com
Automatic Reinstatement Clause Provision in a property or liability policy stating that after a loss has been paid, the total original limits of the policy.
- What is automatic reinstatement clause? - BusinessDictionary.com
Definition of automatic reinstatement clause: Provision in a property insurance policy under which (after payment of a claim) the policy is restored to the full ...
- Automatic Reinstatement Clause financial definition of Automatic ...
In some insurance policies, a clause restoring a limit after a claim is made and satisfied. For example, if a policy has a limit of $10,000 and a claim is made for ...
- What is automatic reinstatement clause? - InvestorWords.com
Definition of automatic reinstatement clause: A clause stating that the original policy limit will be reinstated after partial losses covered by the policy have been ...
- What is AUTOMATIC REINSTATEMENT CLAUSE? definition of ...
Definition of AUTOMATIC REINSTATEMENT CLAUSE: A rule in property insurance where the coverage can be restored to the original amount.
- What is AUTOMATIC REINSTATEMENT CLAUSE ? definition of ...
Definition of AUTOMATIC REINSTATEMENT CLAUSE : A clause in an INSURANCE contract indicating that after the INSURER has paid the INSURED on a ...
- automatic reinstatement clause Definition | Business Dictionaries ...
Business Definition for: automatic reinstatement clause. Dictionary of Insurance Terms. automatic reinstatement clause. provision in a property or liability policy ...
- GLOSSARY OF INSURANCE TERMS ~ Q ~ R Q R
Reinstatement: 1) Restoration of the amount of insurance depleted from a policy by payment of loss. Most fire policies contain an automatic reinstatement clause.