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Inherent vice is a natural characteristic that causes some goods to be spoiled or become damaged, which insurance companies will not accept as a risk. Learn more about this term, its pronunciation and usage with examples from various sources.
- What is The Pronunciation of Inherent Vice
How to pronounce INHERENT VICE. How to say inherent vice....
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INSURER meaning: 1. a person or company that insures someone...
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- What is The Pronunciation of Inherent Vice
Inherent vice refers to a natural flaw or weakness in an item that makes it susceptible to damage or deterioration, which is important to understand when dealing with insurance claims or property value.
Inherent vice is the tendency of certain goods or property to deteriorate or become damaged due to their natural characteristics, despite reasonable care. Learn how inherent vice affects insurance coverage, claims, and risk management in this beginner's guide.
Feb 29, 2024 · An inherent vice exclusion is a clause in marine insurance policies that excludes coverage for damage caused by a property's own features or aspects. Learn the meaning, examples and synonyms of this term from Insuranceopedia.
Sep 15, 2011 · Inherent vice is a term that implies no external or extraneous peril caused the loss, but rather the loss results from the internal composition of the property. Learn how courts interpret and apply this exclusion in different cases and states.
Inherent vice is a potential defect in a product that could cause damage without external influence, often excluded from insurance policies. Learn how to use this term in a sentence and browse other legal terms and resources on Justia.
Oct 22, 2024 · An inherent defect in certain goods that makes them liable to damage. Some fibres, for example, are liable to rot during shipment. If a carrier or insurer of such goods has not been warned of the inherent vice, he will not be liable for damage resulting directly from the defect.
