Selling Price Clause or Endorsement

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What does Selling Price Clause or Endorsement mean? Read on to discover the definition & meaning of the term Selling Price Clause or Endorsement - to help you better understand the language used in insurance policies.

Selling Price Clause or Endorsement

Selling Price Clause or Endorsement

A property insurance provision or endorsement valuing finished goods at their selling price, rather than their actual cash value (ACV) or replacement cost (RC), so as to cover the profit portion of the price in addition to the RC.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

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 Selling Price Clause or 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:

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