What Does Abandonment Condition Mean?

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What does Abandonment Condition mean? Read on to discover the definition & meaning of the term Abandonment Condition - to help you better understand the language used in insurance policies.

Abandonment Condition

Abandonment Condition

A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value.

We hope the you have a better understanding of the meaning of Abandonment Condition.

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