What Does Liberalization Condition Mean?

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

Liberalization Condition

Liberalization Condition

Condition found in property insurance contracts that provides that if the insurer broadens coverage under a policy form or endorsement without requiring an additional premium, then all existing similar policies or endorsements will be construed to contain the broadened coverage.

We hope the you have a better understanding of the meaning of Liberalization Condition.

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