Difference between revisions of "Inherent vice"
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DanielPulido (talk | contribs) (Created page with '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 ch…') |
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Revision as of 07:32, April 15, 2010
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 exclude inherent vice losses.[1]