omnibus clause

Definitions of "omnibus clause"
  1. A provision in certain legal documents such as wills or security agreements that sets forth the handling of assets not specifically mentioned
  2. A provision within an automobile insurance policy that extends coverage to anyone using the vehicle who has the direct or assumed approval of the policyholder
How to use "omnibus clause" in a sentence
  1. The lawyer suggested to include an omnibus clause to ensure all assets are covered, even if not specifically named.
  2. The car accident involved a friend of the insured; the insurance claim was processed under the omnibus clause.
  3. The inclusion of an omnibus clause in an insurance policy extends coverage to all users granted permission by the policyholder.

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