Posts Tagged ‘AUTOMATIC REINSTATEMENT CLAUSE (SUM INSURED)’

AUTOMATIC REINSTATEMENT OF SUM INSURED CLAUSE

In consideration of the Insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a prorata basis from the date of such loss to the expiry of the current period of insurance, it is agreed that in the event of loss the insurance hereunder shall be maintained in force for the full sum insured.  Full story
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