Tag: clause
War Risk Insurance
DefinitionWar risk insurance is a type of insurance which covers damage due to acts of war, including invasion, insurrection, rebellion and hijacking. Some policies...
Water Damage Clause
What is 'Water Damage Clause' A clause in a property-casualty insurance contract. A water damage clause states that the insured is covered...
War Exclusion Clause
What is 'War Exclusion Clause' A clause in an insurance policy that specifically excludes coverage for acts of war such as invasion,...
Warehouse-To-Warehouse Clause
Warehouse-To-Warehouse Clause What is 'Warehouse-To-Warehouse Clause ' A clause in an insurance policy that provides for coverage of cargo in transit....
Waiver Of Subrogation
What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...
Waiver Of Inventory Clause
Waiver Of Inventory Clause What is 'Waiver Of Inventory Clause ' A clause in an insurance policy that says that the...
De-Escalation Clause
What is 'De-Escalation Clause' An article in a contract that calls for a price decrease if there is a decrease in certain...
Umpire Clause
What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...
Valuation Clause
What is a Valuation Clause
A valuation clause is a clause in a contract that stipulates the value of goods or services to be exchanged....