A clause found in fire insurance, stating that the value of a property's foundation will not be calculated in the total property value after a loss.
Related information about foundation exclusion clause:
- What is foundation exclusion clause? definition and meaning
Definition of foundation exclusion clause: A clause found in fire insurance, stating that the value of a property's foundation will not be calculated in the total ...
- What is EXCLUSION CLAUSE? - The Law Dictionary
FOUNDATION EXCLUSION CLAUSE · EXEMPTION CLAUSE · BUSINESS RISK EXCLUSION · EXCLUSION · GENERAL CRIME EXCLUSION · HOLD ...
- What is EXCLUSION? - The Law Dictionary
... EXCLUSION OF WITNESSES, FREQUENCY OF EXCLUSION, FOUNDATION EXCLUSION CLAUSE, NO FAULT INSURANCE, FRANCHISE DEDUCTIBLE ...
- What is GENERAL CRIME EXCLUSION? - The Law Dictionary
... BUSINESS RISK EXCLUSION, BLANKET CRIME POLICY, EXCLUSION RIDER, EXCLUSION, FOUNDATION EXCLUSION CLAUSE, EXCLUSION CLAUSE, ...
- What is EXCLUSION OF WITNESSES? - The Law Dictionary
... CLAUSE · AVIATION EXCLUSION · BUSINESS RISK EXCLUSION · FOUNDATION EXCLUSION CLAUSE · GENERAL CRIME EXCLUSION · THEFT ...
- Glossary
Foundation exclusion clause – a fire policy usually states that the foundation is not insured and the value of the foundation may not be used to determine the ...
- Terms and Definitions - Miller-Harrison Insurance
Foundation Exclusion Clause. A provision in a Fire Insurance contract which provides that the value of the foundation is not to be included when determining the ...
- Park Insurance: Insurance Glossary
Foundation Exclusion Clause: This clause states that the policy does not insure building foundations. This means that such values will not factored into the ...