Common use of Liberalization Clause in Contracts

Liberalization. If a revision of a form or endorsement which would broaden coverage without an additional premium is adopted during the policy period, or within 60 days before this coverage is effective, the broadened coverage will apply. However, this does not apply to revisions adopted as part of an overall program revision that both broadens and restricts coverage, whether "we" bring about the program revision by introducing: a. a subsequent edition of "our" policy; or b. an endorsement that amends "our" policy.

Appears in 3 contracts

Samples: Boat Owner Coverage Agreement, Personal Property Coverage Agreement, Golf Cart Coverage Agreement

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Liberalization. If a revision of a form or endorsement which would broaden that broadens coverage without an additional premium is adopted during the policy period, or within 60 days before this coverage the policy is effective, the broadened coverage will apply. However, this does not apply to revisions adopted as part of an overall program revision that both broadens and restricts coverage, whether "we" bring about the program revision by introducing: a. a subsequent edition of "our" policy; or b. an endorsement that amends "our" policy.

Appears in 2 contracts

Samples: Personal Jewelry Insurance Policy, Personal Jewelry Insurance Policy

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