What does Product Recall Insurance mean? Read on to discover the definition & meaning of the term Product Recall Insurance - to help you better understand the language used in insurance policies.
Product Recall Insurance
Product recall insurance is a policy that allows a company to recover the financial loss from a product that is taken back from the consumer or seller or because of a defect or for safety reasons, like the possibility or causing injury or damage to property.
We hope the you have a better understanding of the meaning of Product Recall Insurance.