Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

franchise clause

Read a random definition: pooling agreement

A quick definition of franchise clause:

A franchise clause is a rule in an insurance policy that says the insurance company will only pay for damages if they exceed a certain amount. If the damages are less than that amount, the person who bought the insurance is responsible for paying for them. This is different from a deductible, which always has to be paid by the person who bought the insurance. Once the damages exceed the stated amount in a franchise clause, the insurance company will pay for everything.

A more thorough explanation:

A franchise clause is a provision in an insurance policy that states the insurer will only pay a claim if it exceeds a certain amount. If the claim is below that amount, the insured is responsible for all damages. This is different from a deductible, which the insured always has to pay.

Let's say you have a car insurance policy with a franchise clause of $500. If you get into an accident and the damages are $400, you will have to pay for all the damages yourself. However, if the damages are $600, the insurance company will pay for the entire amount.

Another example is a homeowner's insurance policy with a franchise clause of $1,000. If your house is damaged in a storm and the repairs cost $800, you will have to pay for all the repairs. But if the repairs cost $1,500, the insurance company will pay for the entire amount above the $1,000 franchise.

These examples illustrate how a franchise clause works in insurance policies. It is important to understand the terms of your policy and how much you will be responsible for in the event of a claim.

franchise appurtenant to land | franchise court

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
babycat
11:06
For one I would try not asking questions that start with “How do you recommend grooming a child?”
11:06
lol people just have bad connotations with it, is it grooming to have your kid play hockey with you and watch games so they want to play when they turn 6?
Dkk
11:06
@EvolBunny: Maybe, maybe but I think the TBI is better advice.
11:07
yes, is it bad?
gtown baby talk to me .... i know ppl on reddit are mad at u rn maybe like give some As so ppl chill out (mad for valid reason)
Dkk
11:07
From google "TBI stands for traumatic brain injury, which is an injury to the brain caused by an external force"
LSDFan
11:07
all SF operators have TBI's
11:07
@shaquilleoatmeal: what do you mean by invite, interview invite?
11:07
all serial killers drank milk as childs
11:08
children*
11:08
whoore*
BulbasaurNoLikeCardio
11:08
@LSDFan: They call it operator syndrome now at the VA
LSDFan
11:09
lol
11:09
I thought it was door kicker syndrome from all the breaching
Dkk
11:09
Ahh childhood, what a sweet sexual time of discovery. Takes me back.
BulbasaurNoLikeCardio
11:09
Who knew firing thousands of rounds and being next to explosions was bad for our brains
11:09
It is almost like the people doing that used to die fast
11:10
Didnt plan on anyone living long enough lol
11:10
I long to die on a european battlefield
11:10
thats the true white mans burden
11:10
calm down mostly putin
babycat
11:10
yeah fuck gtown btw
LSDFan
11:10
they don't even kick doors. They put C4 in a dip can and tape it to the wall
11:10
I am sure they kick some doors but yes
11:11
@EvolBunny: im a uki
babycat
11:11
terrible admin
BulbasaurNoLikeCardio
11:11
@babycat: I wonder why gtown felt what they said was a good idea and how secure that individual felt in their job to believe there would be no backlash.
Dkk
11:11
please, tell me more about Europa: The Last Battle @MostlyLegal
11:11
nothing you dont already know
LSD+ is ad-free, with DMs, discounts, case briefs & more.