Conditional Insurance


Definition of "Conditional insurance"

Adriel Roman real estate agent
Adriel Roman, Real Estate Agent HomeSmart Success

Same as term Conditional Sales Floater: coverage for the seller of property on an installment or conditional sales contract if it is damaged or destroyed. For example, a television set is sold on an installment basis but is destroyed by a customer. The seller would be indemnified for the loss.

 

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