What does Automatic Reinstatement mean? Read on to discover the definition & meaning of the term Automatic Reinstatement - to help you better understand the language used in insurance policies.
Automatic reinstatement is an insurance policy provision that states that the policy limit will be restored after a claim is paid out. In other words, it reinstates the original policy limit after the insurer pays for a covered loss.
We hope the you have a better understanding of the meaning of Automatic Reinstatement.