What Does Common Disaster Provision Mean?

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

Common Disaster Provision

Common Disaster Provision

Sometimes added to a policy and designed to provide an alternative beneficiary in the event that the insured as well as the original beneficiary dies as the result of a common accident.

We hope the you have a better understanding of the meaning of Common Disaster Provision.

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