Insurance Clause

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Control #:
US-CL-585-1
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FAQ

Examples include paying for certain losses arising from insured risks, providing certain agreed-upon services, providing defense for a lawsuit subject to certain conditions, and other agreements that form part of the insurance policy protections you are paying for.

Insurance Clause Examples Example 1: Requiring tenants to hold renter's insurance. Example 2: Financial services firms assigning loss payable clauses. Example 3: Insurance policies specifying covered losses. Example 4: Business partners protecting their assets from legal mistakes.

Clauses are sections of the insurance policy. They define the insurer's responsibilities to the policyholder, circumstances under which claims will and maybe won't be paid out, as well as the policyholder's responsibilities. Sometimes called exclusions, these are designed to help the customer and the company.

Life insurance policies generally include two types of clauses, or exclusions: clauses designed to protect you as the policyholder and ones that set forth the life insurance company's obligations.

Clauses are sections of the insurance policy. They define the insurer's responsibilities to the policyholder, circumstances under which claims will and maybe won't be paid out, as well as the policyholder's responsibilities. Sometimes called exclusions, these are designed to help the customer and the company.

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Insurance Clause