What Does Brands and Labels Endorsement Mean?

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

Brands and Labels Endorsement

Brands and Labels Endorsement

A property insurance endorsement that grants permission for the insured to remove labels from damaged goods or mark the items as "salvage," provided the goods are not damaged in the process. Alleviates concern about potential injury to the insured's business reputation resulting from the sale of salvaged goods by the insurer.

We hope the you have a better understanding of the meaning of Brands and Labels Endorsement.

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