Three-fourths Loss Clause


Definition of "Three-fourths loss clause"

Dan Demeo real estate agent
Dan Demeo, Real Estate Agent Coldwell Banker Residential Brokerage - Demeo Realty Group

Provision requiring insurance company to pay no more than three-fourths of the actual cash value of the damaged or destroyed property. Historically, this clause was found in property insurance policies and marine insurance policies. Today, this clause is no longer used.

 

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