A clause that requires claims on a property to be divided among all insurance policies covering that property.
Related information about apportionment clause:
- Apportionment clause - Merriam-Webster Online
a clause in an insurance policy that prescribes the method of determining the insurer's portion of liability for loss where property is covered by other insurance ...
- What is apportionment clause? definition and meaning
Definition of apportionment clause: Provision in property insurance policies whereby (if more than one policy covers the same peril) each policy pays a claim in ...
- Apportionment Clause: Definition from Answers.com
Apportionment Clause Clause in a property insurance policy that requires the insurance coverage in that policy to be allocated in the proportion that it.
- Apportionment Clause - Financial Dictionary - The Free Dictionary
When more than one property insurance policy covers the same event, a clause stating that each policy only provides coverage in proportion to the total ...
- Necessary Will Provisions - Lawyers.com
Tax Apportionment Clause. This directs the inheritance and estate taxes to be paid from the remainder of the estate after your property and money are distributed ...
- Hazards of Overlooking Your Tax Apportionment Clause » Smith ...
Dec 8, 2011 ... A tax apportionment clause, the provision in a Will or Revocable Living Trust governing the payment of estate tax at death, can drastically affect ...
- The Constitutional Dictionary - The U.S. Constitution Online ...
Aug 15, 2010 ... The following is an explanation of the need for the Direct Tax Apportionment clause. It was written by Supreme Court Justice Paterson in Hylton ...
- Apportionment Clause [Insurance] Law & Legal Definition
Apportionment Clause is a clause seen in insurance policies. An apportionment clause prescribes the method of determining the insurer's portion of liability for ...