Five Percent Waiver Clause

Definition of "Five percent waiver clause"

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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ