Clause in an insurance policy that provides for automatic restoration of the full face value of the policy after payment for a loss. Also called reinstatement.
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UK: Also called a self-renewing clause. A clause under which the sum insured or limit of indemnity is automatically restored to its original level following a claim.
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A clause in an Insurance Policy which provide for automatic reinstatement of the full face value of the Policy, after payment for a partial loss. Refer “Reinstatement.”