Articles Tagged: Franchise clause

What is Franchise Clause in Insurance. How Does the Clause Work?

The Franchise Clause in Insurance applies the minimum amount of claim acceptable by the insurer. Generally, insurers decide the franchisé limit based on the type of insurance and the feasibility of recovering the loss from the erring party. The franchise clause in marine insurance proves invaluable in various scenarios. It allows for cost-effective claims handling […]

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