insurance requirement
Policy purchase condition
A condition that mandates obtaining insurance coverage, typically imposed by law, contract, or institutional policy.
Lenders impose insurance requirements on mortgaged properties; states set insurance requirements for vehicle registration; employers may have insurance requirements for contractors.
The lease included an insurance requirement for liability coverage.
- mandatoryRequired by rule
- coverageExtent of inclusion
- full coverageProtection without exclusions
- policyAdopted principle of action
- policy holderOwner of insurance contract
premium · liability · at-fault driver · minimum · compliance · proof · certificate · deductible · out of pocket · underwriting · claim · lender · mortgage · collateral · mandated · statutory · verification · binding
insurance requirementinsurance waiver
Agreement forgoing standard protection
self-insurance · opting out · insurance gap · underinsurance
insurance, requirement, insure, insured, insurer, insurers, insuring, uninsured, reinsure