full reporting clause

noun

full re·​port·​ing clause
: a clause in an insurance policy which provides that the indemnity will not exceed that proportion of loss which the last reported value of the property bears to the actual value

Dictionary Entries Near full reporting clause

Cite this Entry

“Full reporting clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/full%20reporting%20clause. Accessed 17 Apr. 2024.

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