What Does Pro Rata Distribution Clause Mean?

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

Pro Rata Distribution Clause

Pro Rata Distribution Clause

A form usually attached to a fire policy covering several buildings. It provides that the insurance shall apply to each building only in the proportion that the value of such building bears to the total value of all buildings covered under the policy.

We hope the you have a better understanding of the meaning of Pro Rata Distribution Clause.

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