TERMIUM Plus®

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MARGIN CLAUSE [1 record]

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Record 1 2020-12-07

English

Subject field(s)
  • Insurance
  • Trade
  • Real Estate
CONT

Under a blanket policy with one aggregate sum insured, the margin clause limits the maximum amount payable on any one item by a specified percentage of the declared value of the particular item, [for example] a 10% margin clause limits the maximum payable on a particular item to 110% of the declared value of the item.

French

Domaine(s)
  • Assurances
  • Commerce
  • Immobilier
CONT

Une clause de marge est ajoutée à une politique de propriété commerciale par un endossement. Il limite le montant [reçu] pour une perte si les biens soumis à une limite générale sont endommagés ou détruits. Si une perte survient, [un] assureur ne paiera pas plus d'un pourcentage spécifié de la valeur de la propriété endommagée.

Spanish

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