Covered Property Exposures Sample Clauses

Covered Property Exposures. Subject to the terms of the Building/Personal Property – Newly Acquired/Constructed Supplemental Coverage, we will provide no coverage for any loss to any of your buildings or personal property unless such buildings or personal property are designated in the Schedule of Buildings and Personal Property section of the declarations. If during the policy period we are notified or otherwise become aware that your organization owns or rents any buildings or personal property that are: (1) in poor repair; or (2) being used for any unusual operations activities or events that materially change your property exposure; we reserve the right to: a. adjust your coverage limits, and b. modify coverage with respect to such buildings or personal property (which may result in adding customized coverage form(s) to your policy), and c. make appropriate premium adjustments as necessary to address the increased exposure presented by the buildings or personal property.