A stipulation in a Property insurance policy which states that after a partial loss covered by the policy has been paid, the original limit of the policy will be automatically reinstated. Same as “Automatic Reinstatement Clause.”
The Rantings of the barely human.
A stipulation in a Property insurance policy which states that after a partial loss covered by the policy has been paid, the original limit of the policy will be automatically reinstated. Same as “Automatic Reinstatement Clause.”