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LSDefine

Simple English definitions for legal terms

franchise clause

Read a random definition: credit insurance

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

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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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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