Common use of Loss Clause Clause in Contracts

Loss Clause. The amount of insurance under this endorsement will not be reduced except for a total loss of a scheduled item. We will refund the unearned premium applicable to such item after the loss or you may apply it to the premium due for the replacement of the scheduled item.

Loss Clause. The amount of insurance under this endorsement will not be reduced except for a total loss of a scheduled item. item We will wil refund the unearned premium applicable to such item after the loss or you may apply it to the premium due for the replacement of the scheduled item.