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Automatic Increase in Insurance Endorsement |
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Automatic Increase in Insurance Endorsement An addendum to an insurance policy in which the amount of coverage for a property increases over time in accordance with changes to the construction cost index. This endorsement allows a policyholder to maintain coverage regardless of the inflation rate. It is also called the inflation endorsement. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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