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Definitions for "Automatic Reinstatement"
Keywords:  reinstated, restored, vigueur, remise, garantie
Related Terms: Insurance coverage, Sum insured, Paid-up insurance, Reinstatement, Paid-up policy, Policy limit, Insurance premium, Face amount, Riders, Life insurance, Reduced paid-up insurance, Sum assured, Other insurance clause, Insurance policy, Life insurance policy, Minimum premium, Guaranteed renewable policy, Guaranteed insurability rider, Declaration, Liberalization clause, Insured, Assured, Declarations page, Accidental death benefit rider, Declarations, Paid up policy, Named peril policy, Cancelable, Return premium, Accidental death insurance, Declaration page, Policy lapse, Limited policy, Accidental death and dismemberment rider, Apl , Excess insurance, Guaranteed renewable, Life insurance in force, Reinstatement provision, Guaranteed insurability, Nonforfeiture values, Lapse, General insurance, Umbrella policy, Under-insurance, Lapsed policy, Premiums, Policy holder, Named perils policy, Underinsurance
(Remise en vigueur automatique Reconstitution automatique de la garantie) Immediate restoration of the sum insured to the original amount, following a loss.
aon.ca
After a claim has been paid or the property restored, most policies automatically return the stated limit of insurance to its original amount.
crsinsurance.ab.ca
A clause providing for automatic reinstatement of the full value of the policy after payment of a loss.
varietyinsurance.com
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