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   inherent vice definition insurance

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2. www.insuranceopedia.com · definition · 2351What is an inherent vice exclusion? - Definition from ...

   www.insuranceopedia.com · definition · 2351

   

   Feb 29, 2024 · An inherent vice exclusion is an exclusion found primarily, though not exclusively, in marine insurance policies that exclude coverage for damage to property that is caused by some feature or aspect of the property itself.

3. People also ask

   What does “Inherent Vice” mean?

   • Generally, “inherent vice” implies that no external or extraneous peril caused the loss; rather, the loss or damage results from the internal composition of the property, or some aspect of the property that brings about its own destruction. See Harmon v. Safeco Insurance Co. of North America, 24 Kan. App. 2d 810, 954 P. 2d 7, 10 (1998).

   The Latent Defect or Inherent Vice Exclusion: Deconstructing the All

   www.propertyinsurancecoveragelaw.com/blog/the-latent-defect-or-inherent-vice-exclusion-deconstructing-the-allrisk-policy/

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   What is inherent vice exclusion?

   • Definition from Insuranceopedia What Does Inherent Vice Exclusion Mean? An inherent vice exclusion is an exclusion found primarily, though not exclusively, in marine insurance policies that exclude coverage for damage to property that is caused by some feature or aspect of the property itself.

   What is an inherent vice exclusion? - Insuranceopedia

   www.insuranceopedia.com/definition/2351/inherent-vice-exclusion

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   What is an inherent vice in an insurance policy?

   • In an insurance policy, the term 'inherent vice' refers to something that is lost due to its own inherent qualities, rather than due to any negligence. The expression 'inherent vice' as an exception in an insurance policy means that which is necessarily incidental to the property, rather than occasioned by an adventitious cause.

   Inherent Vice | Free Online Dictionary of Law Terms and

   legaldictionary.lawin.org/inherent-vice/

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   What is inherent vice in cargo insurance?

   • Inherent vice is a charge set aside for cargo insurance policies that acts as compensation for damages that might occur due to the inherent nature of the products. It mostly occurs during the shipping of the product and is hard to ensure against since these defects are not physical.

   Inherent Vice: The Ultimate FAQ Guide - Bansar China

   www.bansarchina.com/inherent-vice/

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4. www.interlogusa.com · answers · blogInherent Vice: Why You Can’t Make an Insurance Claim

   www.interlogusa.com · answers · blog

   

   Sep 18, 2024 · Inherent vice is generally referred to as any damage caused to cargo due to the inherent nature of the product as opposed to any damages inflicted on the goods by the carrier themselves. In other words, it’s damage done by internal causes rather than external ones.

5. accountend.com · understanding-inherent-vice-inUnderstanding Inherent Vice in Insurance: A Beginner’s Guide

   accountend.com · understanding-inherent-vice-in

   

   Inherent Vice refers to the tendency of certain goods or property to deteriorate or become damaged due to their inherent characteristics, despite all reasonable care and precautions. In insurance, inherent vice is an important consideration as it can affect coverage and claims settlements.

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7. www.propertyinsurancecoveragelaw.com · blog · theThe Latent Defect or Inherent Vice Exclusion: Deconstructing ...

   www.propertyinsurancecoveragelaw.com · blog · the

   

   Sep 15, 2011 · Generally, “inherent vice” implies that no external or extraneous peril caused the loss; rather, the loss or damage results from the internal composition of the property, or some aspect of the property that brings about its own destruction.

8. dictionary.cambridge.org · english · inherent-viceINHERENT VICE definition | Cambridge English Dictionary

   dictionary.cambridge.org · english · inherent-vice

   

   a natural characteristic that causes some goods to be spoiled or become damaged, which insurance companies will not accept as a risk: The insurers denied any liability on the grounds that the damage was due to an inherent vice in the computer systems.

9. zalma.com · blog · wear-and-tear-and-inherent-viceWear and Tear and Inherent Vice | Zalma on Insurance

   zalma.com · blog · wear-and-tear-and-inherent-vice

   

   Nov 5, 2019 · In most cases, the studies required to establish an “inherent vice” exclusion would cost more than the loss itself. Contracts of insurance must be enforceable. The test proposed by the Winans court is too burdensome.

10. dictionary.justia.com · inherent-viceinherent vice Definition, Meaning & Usage | Justia Legal ...

    dictionary.justia.com · inherent-vice

    

    A potential defect in a product that could cause damage without external influence, often excluded from insurance policies. How to use "inherent vice" in a sentence. Due to inherent vice, the car's battery failed. The inherent vice of the chemical caused a spontaneous explosion.