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Insurance Jargon

Non Contribution Clauses


Definition:

An escape clause is a condition that, effectively, forbids the insured from taking out another policy without the consent of the insurers. If the insured takes out another insurance policy on the same subject matter or risk ,the insurance policy will be voided or cancelled.The courts do not generally favour such clauses

FOR DUMMIES

Self Explanatory


Date added: 2011-03-06 17:16:54   
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