Common use of Abandonment of Property Clause in Contracts

Abandonment of Property. We may take the property or any part of it at the agreed or appraised value, but an insured may not abandon the covered property to us unless we specifically agree.

Abandonment of Property. We may take the property property, or any part of it it, at the agreed or appraised value, but an insured may not abandon the covered property to us unless we specifically agree.