What Does Selling Price Clause or Endorsement Mean?

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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.

We hope the you have a better understanding of the meaning of Selling Price Clause or Endorsement.

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