vacancy clause

vacancy clause. Insurance. A special indorsement allowing premises to be unoccupied beyond the period stipu-lated in the original insurance policy, so that the insurance remains in effect during policy extensions, often for a reduced amount. [Cases: Insurance 2133, 3049(5). C.J.S. Insurance §§ 419, 663–665, 908.]

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词条贡献者

双语律师Philipp，国际知名法学院法律专业，擅长翻译各类与医疗保健相关诉讼相关的法律文件。