three-fourths value clause
noun
: an insurance policy provision limiting the insurer's liability to an amount not greater than three fourths of the cash value of the insured property but not exceeding the face of the policy often used to cause the insured to safeguard the property
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“Three-fourths value clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/three-fourths%20value%20clause. Accessed 23 Nov. 2024.
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