ALL meanings of knock-for-knock agreement
- noun knock-for-knock agreement an agreement between vehicle insurers that in the event of an accident each will pay for the damage to the vehicle insured with him without attempting to establish blame for the accident 0
- noun knock-for-knock agreement An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance). 0