Retroactive Restoration

Definition of "Retroactive restoration"

Emanuele Pani real estate agent
Emanuele Pani, Real Estate Agent Signature International Real Estate

Reinstatement of an insurance policy or bond to its original face amount (face of policy) after the payment by the insurer of a loss. The purpose of this type of coverage is to indemnify the insured if, at a time period in the future, previous losses incurred by the insured are discovered.

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