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72 Hour Clause Form

72 Hour Clause Form

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Instructions and help about clause 72 offer

hello ladies and gentlemen welcome to Insurance education my name Raymond MacMillan as promised today is day three of seven and each day for the next seven days I'll be offering you a new video today go on a journey with me to areas of the world where they suffer from hurricanes in an insurance language we call it a Peril of nature what was happening before if you have a hurricane and you have other other hurricanes within a 72-hour period there's usually an excess or deductible under the policy where let's say for instance if a sum insured is a hundred thousand and deductible under the policy is ten thousand if you have 3x uh hurricanes within a short period the client would be penalized by being asked to pay thirty thousand in such a short period because of that problem which existed insurers have agreed for all property policies whether it's a private dwelling house or a commercial Venture Commercial Business they wouldn't apply what is called

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