Definition of "Reformed"

Susana Moor real estate agent
Susana Moor, Real Estate Agent La Rosa Realty

Correction of a contract containing a mistake in order to prevent a party to that contract from gaining from that mistake. For example, if $1,000,000, instead of the correct amount of $100,000, is filled in the blank for property coverage, it will be corrected to the intended $100,000 amount.

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

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions