What Does Liberalization Clause Mean?
What does Liberalization Clause mean? Read on to discover the definition & meaning of the term Liberalization Clause - to help you better understand the language used in insurance policies.
Liberalization Clause
A provision that extends to persons already insured under a particular policy the broadened coverage features that may be introduced in subsequent editions of that policy form. In umbrella liability insurance, a clause specifying that coverage will be as broad as that provided by the primary liability policies.
We hope the you have a better understanding of the meaning of Liberalization Clause.
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