What Does Apportionment Clause Mean?
What does Apportionment Clause mean? Read on to discover the definition & meaning of the term Apportionment Clause - to help you better understand the language used in insurance policies.
Apportionment Clause
An apportionment clause is a provision in a property insurance policy that states how much the insurance company will pay for a loss or damage if the insured has another policy covering the same risk.
We hope the you have a better understanding of the meaning of Apportionment Clause.
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