What Does Simplified Commercial Lines Portfolio Policy Mean?

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What does Simplified Commercial Lines Portfolio Policy mean? Read on to discover the definition & meaning of the term Simplified Commercial Lines Portfolio Policy - to help you better understand the language used in insurance policies.

Simplified Commercial Lines Portfolio Policy

Simplified Commercial Lines Portfolio Policy

A Simplified Commercial Lines Portfolio (SCLP) policy is a type of insurance that covers business and personal property. It pays for damage to buildings and personal property owned by the business, as well as improvements on the building financed by people other than the insured.

We hope the you have a better understanding of the meaning of Simplified Commercial Lines Portfolio Policy.

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