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

译员William，毕业于欧洲顶尖的高级翻译学院，专注翻译各种与区块链技术与数字货币有关的法律文件。