What does Reinstatement mean? Read on to discover the definition & meaning of the term Reinstatement - to help you better understand the language used in insurance policies.
Reinstatement is the act of claiming a position after it has been removed from a person or an entity. In terms of insurance, it means that the policyholder gets back the policy after it has become void for lack of payment.
We hope the you have a better understanding of the meaning of Reinstatement.