What is AUTOMATIC COVER?

Insurance that extends a policy for a period of time for a certain amount. It helps to cover the changes in market value or a new asset.

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Related Legal Terms
AUTOMATIC PREMIUM LOAN CLAUSE, RETROSPECTIVE AGGREGATE LOSS COVER, AUTOMATIC TRANSFER OF FUNDS, AUTOMATIC FISCAL STABILIZERS, AUTOMATIC INCREASE IN BENEFIT PROVISION, DIVIDED COVER, AUTOMATIC COVERAGE, AUTOMATIC REINSTATEMENT CLAUSE, DEFECTIVE DESIGN COVER, FULL THEFT COVER


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