Retroactive Restoration

Definition of "Retroactive restoration"

Emanuele Pani real estate agent

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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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