Five Percent Waiver Clause


Definition of "Five percent waiver clause"

The Rapacioli Group
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.

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