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.

More On This Topic
  1. Marijuana: Recreational, Grow, & Medical Laws By State 2020
  2. Important 2018 Law Changes You Should Know
  3. It’s Election Time in the US: 5 Options for Americans Planning Immigration to Canada
  4. What Are the Different Types of Insurance?
  5. Is It A Monopoly? Everything You Ever Wanted To Know
  6. Can You Borrow Against a Term Life Insurance Policy?
  7. Four Important Factors to Consider Before Renouncing Dual Citizenship
  8. Does Homeowner’s Insurance Cover the Cost of Car Damages That Occur in an Attached Garage?
  9. Will Homeowner’s Insurance Cover a Water-Damaged Laptop?
  10. What Does Auto Liability Insurance Cover?

Related Legal Terms
RETROSPECTIVE AGGREGATE LOSS COVER, AUTOMATIC PREMIUM LOAN CLAUSE, 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


Link to This Definition
Did you find this definition of AUTOMATIC COVER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary