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Simple English definitions for legal terms

apportionment clause

Read a random definition: CIVIL PROCEDURE

A quick definition of apportionment clause:

An apportionment clause is a part of an insurance policy that decides how the insurance money will be divided among the people or things that are covered. It makes sure that everyone gets a fair share based on how much coverage they have.

A more thorough explanation:

An apportionment clause is a provision in an insurance policy that determines how the insurance proceeds will be distributed among the policyholders. The distribution is based on the proportion of coverage each policyholder has.

For example, let's say there are three policyholders with a total coverage of $300,000. Policyholder A has coverage of $100,000, Policyholder B has coverage of $150,000, and Policyholder C has coverage of $50,000. If there is a loss of $150,000, the insurance company will distribute the proceeds based on the proportion of coverage each policyholder has. Policyholder A will receive $50,000, Policyholder B will receive $75,000, and Policyholder C will receive $25,000.

The apportionment clause ensures that each policyholder receives a fair share of the insurance proceeds based on their coverage. It is a common provision in insurance policies, especially those that cover multiple policyholders or properties.

apportionment | apportionment of liability

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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