appraisal clause

noun

: a provision in an insurance policy for a procedure to be followed in determining the amount of a loss when the insured and the insurer cannot agree

Dictionary Entries Near appraisal clause

Cite this Entry

“Appraisal clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/appraisal%20clause. Accessed 25 Apr. 2024.

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