- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Liberalization Clause
A liberalization clause is a insurance policy provision which allows the insurer to make adjustments to coverage to respond to changes in law and regulations.
These clauses are most often found in property insurance policies.
Because law and regulations are often amended, created, or abolished, insurance contracts can often find that need to adequately address the changes so as to prevent disputes and conflicts in future with policy holders.
A liberalization clause enables them to legally make changes to policies to account for changes in law without requiring policy holders to pay more premiums.
Changes might come in the form for expansion of coverage areas, changes to coverage limits, documentation for claims, etc.
Both parties would benefit from such clauses present in policies.
 |
 |
 |
 |
Latest Singapore home loan rates |
Hidden items that bring up mortgage costs |
Hiring a competent agent |
How to burn more calories in the office |
Search From Hundreds Of Publications
0 comments