Hazard Increase Resulting In Suspension Or Exclusion Of Coverage

Definition of "Hazard increase resulting in suspension or exclusion of coverage"

Kristofer Chun real estate agent
Kristofer Chun, Real Estate Agent Kristofer Chun Real Estate

Provision commonly found in fire insurance contracts. If the insured knows that a hazard is increased, most property contracts permit the insurance company to suspend or terminate coverage. For example, manufacture of drugs in the home would give the insurance company the right to invoke this clause if it could show that the manufacturing process increases the probability of fire.


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