railroad subrogation waiver clause
Definition
A provision in a property insurance policy, usually written due to the existence of a sidetrack agreement with the railroad. The clause states that the coctract remains valid despite the agreement the insured has with the railroad waiving subrogation against them.
Related Articles
- Social Security and the Benefits Provided by It *
- Self-Employed Retirement Plans: Which Is Right for You? *
- Tax Implications of Different Types of Investments *
- Choosing a Stock *
- An Explanation of the Various Facets of a 403(b) Plan *
- Understanding Educational Tax Credits *
- The Importance of Finding a Financial Advisor That You Can Trust *
- An Explanation of Credit Cards and Related Issues *
Related Videos
http://www.businessdictionary.com/definition/railroad-subrogation-waiver-clause.html
