vacancy clause

noun
variants: or vacancy permit

Definition of vacancy clause

: a special endorsement in property insurance permitting premises to be vacant or unoccupied beyond the period stipulated in the original contract and insured during the extension period either for the full or a reduced amount

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Dictionary Entries Near vacancy clause

vacancy

vacancy clause

vacant

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Cite this Entry

“Vacancy clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/vacancy%20clause. Accessed 20 May. 2022.

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