Inicio > Term: inherent vice
inherent vice
An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause. For example, instability in a chemical that could cause it to explode spontaneously. Insurance policies may specifically exclude losses caused by inherent vice.
- Parte del discurso: noun
- Industria/ámbito: Convención
- Categoría: Conferencias
- Company: CIC
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