An omnibus clause is a
clause
In language, a clause is a constituent that comprises a semantic predicand (expressed or not) and a semantic predicate. A typical clause consists of a subject and a syntactic predicate, the latter typically a verb phrase composed of a verb with ...
that provides or includes all residuary not specifically mentioned.
In automobile
liability insurance
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the i ...
an omnibus clause may provide coverage for the named insured, any member of the insured's household, and any person using the automobile with the insured's permission, provided the use was within the permitted scope.
In a
will
Will may refer to:
Common meanings
* Will and testament, instructions for the disposition of one's property after death
* Will (philosophy), or willpower
* Will (sociology)
* Will, volition (psychology)
* Will, a modal verb - see Shall and will
...
an omnibus clause can distribute to a named
beneficiary
A beneficiary (also, in trust law, '' cestui que use'') in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person ...
all unnamed assets included in the decedent's estate.
{{DEFAULTSORT:Omnibus Clause
Contract clauses
References
ProtectioneVB Nummern(in German)