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Loss recovery

AIA A201 contains a clause precluding the contract parties from seeking to recover any loss that is already covered by property insurance from each of the other parties. How is this identified?

A. waiver of liens
B. release of liens
C. waiver of subrogation
D. retainage



AnswerC. waiver of subrogation.

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 Resource tip: understand more about this common provision in standard agreements by reading an article from IRMI (the International Risk Management Institute)

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