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Inherent Vice

Inherent vice is an insurance term that refers to an inherent or intrinsic defect or vice that arises during the storage or transportation of goods by the policyholder. These defects or vices may be inherent to the nature of the goods, such as food items being susceptible to spoilage or leather products being susceptible to distortion by moisture. Damage or loss resulting from such inherent vice is typically not covered under insurance policies, and therefore, Inherent vice is an important term to be aware of when entering into an insurance contract.
Source : ChatGPT
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