vacancy clause

noun

variants or vacancy permit
: a special endorsement in property insurance permitting premises to be vacant or unoccupied beyond the period stipulated in the original contract and insured during the extension period either for the full or a reduced amount

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Cite this Entry

“Vacancy clause.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/vacancy%20clause. Accessed 25 Nov. 2024.

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