MLchartDataset catalogue

Margin clause

Term · Insurance and risk management · MLC-T-INS-002125

A provision in a property insurance policy that allows for a specified percentage increase in the declared value of insured property at the time of loss, without requiring an endorsement or additional premium. This clause provides a buffer against minor fluctuations in property values or underinsurance. The margin typically ranges from 10% to 25% of the stated sum insured.

Table 1. Record
IdentifierMLC-T-INS-002125
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002125",
  "term": "Margin clause",
  "field": "Insurance and risk management",
  "definition": "A provision in a property insurance policy that allows for a specified percentage increase in the declared value of insured property at the time of loss, without requiring an endorsement or additional premium. This clause provides a buffer against minor fluctuations in property values or underinsurance. The margin typically ranges from 10% to 25% of the stated sum insured.",
  "url": "https://mlchart.com/terminology/insurance/margin-clause/"
}

Record 2,101 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.