Institute Clauses

Institute Clauses are provisions typically found in insurance policies that specify the conditions under which certain coverage applies. They outline what risks are covered, the extent of the coverage, and any exclusions. These clauses help to clarify the responsibilities of the insurer and the insured, ensuring that both parties understand what is protected under the policy. By defining terms and conditions clearly, Institute Clauses aim to prevent disputes and provide a framework for claims management in various industries, particularly in marine and property insurance.