What Does Franchise Clause Mean?
What does Franchise Clause mean? Read on to discover the definition & meaning of the term Franchise Clause - to help you better understand the language used in insurance policies.
Franchise Clause
Provision in marine insurance policies that disallows claims below a certain minimum amount or percentage of loss except, where a ship sinks or is stranded.
We hope the you have a better understanding of the meaning of Franchise Clause.
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