Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,413,494 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Wear and Tear Exclusion

    0.01 sec.
Wear and Tear Exclusion
In insurance, a category prohibiting payment on claims for normal wear and tear, which is the degrading of the quality of an item that is expected over time. Because this decline in value is inevitable, insurers will not pay for these losses.
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.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
It's In the Wording For instance, the wear and tear exclusion generally is interpreted as excluding those types of damages where the passage of time inevitably causes the property to deteriorate, rust, mold or decay.
Mold madness: warning--property at risk by Blackburn, Claire E. / Rural Telecommunications
The following are the revisions to the ISO commercial-property forms: * The existing wear and tear exclusion has been modified to eliminate reference to fungus.
Mold delineated: Insurance Services Office has introduced policy ... by Thompson, Kevin B. / Best's Review
The wear and tear exclusion in the Farmers policy, like most wear and tear exclusions, has an exception to the exclusion that provides coverage for losses due to cracking, shrinking, and the like if any of these cause a "sudden and accidental" release of water from the home's plumbing and mechanical systems, but only to the extent of covering the "loss caused by water" and repairing the damaged plumbing or mechanical system.
DAMAGES TO HOME FROM MARIJUANA PRODUCTION DEEMED "VANDALISM" UNDER ... by Stempel, Jeffrey W. / Journal of Risk and Insurance
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.