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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.

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Commercial Liability Insurance
Insurance Law Essentials
The Additional Insured Book

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