Five Percent Waiver Clause

Definition of "Five percent waiver clause"

The Rapacioli Group real estate agent
The Rapacioli Group LAER Realty Partners

Same as term Five Percentage Rule: coinsurance requirement such that if a loss is less than $10,000 and also less than 5% of the total of insurance to cover a loss, then the insurance company will not require that the property not damaged by the peril be inventoried or appraised.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ