What Does Accumulation Clause Mean?

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

Accumulation Clause

Accumulation Clause

Provision in a marine insurance policy whereby the value of goods covered is automatically increased (even doubled), if several shipments accumulate at some point during transit without the insured's knowledge.

We hope the you have a better understanding of the meaning of Accumulation Clause.

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