What Does Automatic Reinstatement Clause Mean?

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

Automatic Reinstatement Clause

Automatic Reinstatement Clause

An automatic reinstatement clause is a provision in property insurance contracts that states that the insurance company will set back the insurance coverage's limit to its original agreement without a legal prompting after it pays the insured for a claim.

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

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