A provision in an insurance policyA written contract of insurance. More most commonly found in fire insuranceCoverage for losses from fire and lightning and also the resultant damage caused by smoke and water. Usually supplemented by Extended Coverage Insuran... More providing indemnification for the cost of removal of the debris after a fire. An amount set out in the policyLegally binding contract effecting insurance or certificates thereof, including all clauses, riders, endorsements and renewals. More representing the amount that will be paid in the event of death. Also referred to as “principal sum.”