What does Rental Cost Reimbursement Endorsement mean? Read on to discover the definition & meaning of the term Rental Cost Reimbursement Endorsement - to help you better understand the language used in insurance policies.
Rental Cost Reimbursement Endorsement
A contractors equipment coverage endorsement that adds coverage for the cost of renting temporary replacement equipment in the event of covered damage to covered equipment.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Rental Cost Reimbursement Endorsement. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: