Waiver Of Inventory Clause

Waiver Of Inventory Clause

What is ‘Waiver Of Inventory Clause ‘

A clause in an insurance policy that says that the insurance company will not require the policyholder to provide a written list of the property that was not damaged during an insured event. The waiver of inventory clause will usually only apply to certain types of claims, such as claims for less than a specified amount.

Explaining ‘Waiver Of Inventory Clause ‘

A waiver of inventory clause can provide a significant benefit for the policyholder since preparing a detailed inventory can be tedious and time consuming. If the items in the inventory are of significant value, the additional time and expense of an appraisal might normally be required to establish a value for those items.

Further Reading

  • Fiduciary Exemption for Public Necessity: Shareholder Profit, Public Good, and the Hobson's Choice During a National Crisis – heinonline.org [PDF]
  • A money demand system for euro area M3 – www.tandfonline.com [PDF]
  • Contractual Bankruptcy Waivers: Reconciling Theory Practice and Law – heinonline.org [PDF]
  • State constitutional limitations on public industrial financing: an historical and economic approach – heinonline.org [PDF]
  • Agreements to waive or to arbitrate legal claims: an economic analysis – www.journals.uchicago.edu [PDF]
  • The economic impacts of the 1998 sanctions on India and Pakistan – www.tandfonline.com [PDF]
  • The exemption of nonprofit organizations from federal income taxation – www.jstor.org [PDF]
  • Commerce clause restraints on State business development incentives – heinonline.org [PDF]
  • Effects of unconventional monetary policy on financial institutions – www.nber.org [PDF]