adjustment clause

adjustment clause
A clause in a fire insurance policy, also known as a burned and unburned clause, providing that in the event of loss or damage at any location mentioned in the policy, the amount of insurance in force at that location shall be prorated to the burned and unburned portions of the property. Indiana Lumbermen's Mutual Ins. Co. v Fair (CA5 Miss) 109 F2d 607.

Ballentine's law dictionary. . 1998.

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