MLchartDataset catalogue

Inflation guard provision

Term · Insurance and risk management · MLC-T-INS-001825

An endorsement on a property insurance policy that automatically increases the policy's coverage limits over the policy term. The increase is designed to keep pace with rising construction costs and prevent the property from becoming underinsured due to inflation. This adjustment is applied pro-rata throughout the year, with the percentage of increase specified in the policy declarations.

Table 1. Record
IdentifierMLC-T-INS-001825
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-001825",
  "term": "Inflation guard provision",
  "field": "Insurance and risk management",
  "definition": "An endorsement on a property insurance policy that automatically increases the policy's coverage limits over the policy term. The increase is designed to keep pace with rising construction costs and prevent the property from becoming underinsured due to inflation. This adjustment is applied pro-rata throughout the year, with the percentage of increase specified in the policy declarations.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/inflation-guard-provision/"
}

Record 1,763 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.