Boyce obtains from Capital Insurance Company a policy that provides that if the parties cannot agree on the amount of a loss covered by the policy,an estimate of the value by an impartial third party can be de?manded.This is

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The policy Boyce obtains from Capital Insurance Company contains an appraisal clause. This clause allows an impartial third party to estimate the value of a loss if the parties cannot agree on the amount of loss covered by the policy. This clause is not an antilapse clause, which prevents a policy from lapsing due to non-payment of premiums. It is not an incontestability clause, which limits the time frame during which an insurer can contest the validity of a policy. Finally, it is not an arbitration clause, which provides for the resolution of disputes through an arbitration process.

Boyce Obtains from Capital Insurance Company a Policy That Provides