apportionment clause

noun

Definition of apportionment clause

: a clause in an insurance policy that prescribes the method of determining the insurer's portion of liability for loss where property is covered by other insurance

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Cite this Entry

“Apportionment clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/apportionment%20clause. Accessed 28 Oct. 2021.

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