debris removal clause
Definition
Specifically included stipulation in a fire or industrial all-risk insurance policy. It covers the cost of (1) removing the debris, (2) dismantling or pulling down the damaged parts of the structure, and/or (3) of shoring up the structure. Such costs are usually limited to 5 to 10 percent of the face amount of a policy.
Popular 'General, Marine, & Life Insurance' Terms
debris removal clause in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/debris-removal-clause.html
