Overview

new for old


Show Summary Details

Quick Reference

The basis for household insurance policies in which payments of claims are not subject to a deduction for wear and tear. As a result, a claim for an old and worn-out table would be met by the payment of the price of a new table of a similar type.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.