An insurance clause with very high coverage requirements or unusual types of insurance that cost a lot. This clause is called "Waiver of Subrogation".
Key Recommendation
Get quotes before agreeing. If the cost is too high, push for lower limits or ask the other side to share the expense.
Frequently Asked Questions
What does this clause mean in simple terms?
An insurance clause with very high coverage requirements or unusual types of insurance that cost a lot.
Why should I care about this clause?
This clause is called "Waiver of Subrogation".