full reporting clause
noun
full re·port·ing clause
: a clause in an insurance policy which provides that the indemnity will not exceed that proportion of loss which the last reported value of the property bears to the actual value
Dictionary Entries Near full reporting clause
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“Full reporting clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/full%20reporting%20clause. Accessed 26 Nov. 2024.
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