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Clear-space Clause

By on April 28, 2019

A clear-space clause is a clause contained in property insurance policies which state that an insured real estate should be of a minimum particular distance away from certain noninsured property that are hazardous.

This can be applicable for both real property and personal property.

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For example, an insured property needs to be at least a hundred yards away from storage facilities that store explosive chemical compounds like dynamite and lithium ion batteries.

This clause can be inserted into a policy even when the two premises belong to the same owner.

In such cases, the policyholder must ensure that the hazardous materials are separated by a proper distance as specified in the terms of the policy.

Failing which any claims from damage or destruction of property might be declined.



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