Insurance Definition Mysterious Disappearance
Https Www Lavery Ca Data Publication 357 En V Unexplained Loss Of Mysterious Disappearance Pdf
What is mysterious disappearance exclusion.
Insurance definition mysterious disappearance. Mysterious disappearance ambiguity. Now you see it now you don t the mysterious disappearance exclusion is now even more mysterious. It was once commonplace in property all risk forms and some named peril forms added it to theft coverage by saying that mysterious shall be presumed to be due to theft.
In insurance a clause exempting the insurer from paying for a loss if an insured event occurs without. However it has disappeared from most standard property forms. Mysterious disappearance is typically a covered peril on par with theft but not always.
Your policy may have a mysterious disappearance exclusion clause. Definition of mysterious disappearance exclusion in the financial dictionary by free online english dictionary and encyclopedia. Meaning of mysterious disappearance exclusion as a finance term.
Mysterious disappearance glossary word unexplained disappearance of insured property from a known location. According to the barron s insurance dictionary such a clause excludes coverage for loss of property if the cause of the loss cannot be identified. A term used to give broader coverage than named perils like robbery.
Whether you drive a big rig or own a fleet of them our commercial insurance specialists can help with the right coverage. A mysterious disappearance clause is a provision in a property renter s and homeowner s insurance policy that excludes coverage for a lost item of considerable value if the cause of the loss cannot be sufficiently explained by the insured. This term refers to a property disappearance that cannot be explained.
To constitute a mysterious disappearance the disappearance must be under unknown puzzling and baffling circumstances which stir up wonder curiosity or speculation or under circumstances which are difficult to. The mysterious disappearance clause in theft insurance follow this and additional works at https scholarlycommons law wlu edu wlulr part of theinsurance law commons this comment is brought to you for free and open access by the washington and lee law review at washington lee university school of law scholarly commons. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage.
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