Fallen Building Clause
Definition of "Fallen building clause"
Section in some property insurance contracts that eliminates further coverage for buildings after they have collapsed from causes other than fire or explosion. For example, fire coverage would not be applicable to buildings that collapse because of inherent defects.
Popular Insurance Terms
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Single policy under which one individual is insured. ...
Settlement choice under a life insurance policy whereby a beneficiary may elect to have the death proceeds paid in the form of a joint and survivor annuity. ...
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