MLchartDataset catalogue

Suspension of coverage endorsement

Term · Insurance and risk management · MLC-T-INS-003748

An addition to an insurance policy that temporarily halts or modifies coverage under specific conditions, often when the insured property is not in use or undergoes a change in risk. For example, coverage for a seasonal dwelling might be suspended during months it is unoccupied. This endorsement can reduce premiums but requires careful adherence to its terms.

Table 1. Record
IdentifierMLC-T-INS-003748
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003748",
  "term": "Suspension of coverage endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to an insurance policy that temporarily halts or modifies coverage under specific conditions, often when the insured property is not in use or undergoes a change in risk. For example, coverage for a seasonal dwelling might be suspended during months it is unoccupied. This endorsement can reduce premiums but requires careful adherence to its terms.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/suspension-of-coverage-endorsement/"
}

Record 3,387 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.