The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in the amount claimable.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in the amount claimable.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.