What does Amount Subject mean? Read on to discover the definition & meaning of the term Amount Subject - to help you better understand the language used in insurance policies.
The value that may reasonably be expected to be lost in a single fire or other casualty, depending on the protection and construction of the risk and the distribution or concentration of values. Estimating the amount subject is a major responsibility of inspectors and underwriters.
We hope the you have a better understanding of the meaning of Amount Subject.