Home > Glossary

Breach Of Warranty Clause

Breach of Warranty Clause

Definition

A lienholder's or lessor's interest endorsement that causes the policy to continue to protect the financial interest of a lienholder or lessor even when the insured breaches a condition, thereby voiding coverage. Any loss recoveries under this clause are payable only to the lienholder or lessor.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free