Common use of Property Covered Clause in Contracts

Property Covered. We cover the property insured under this endorsement when owned by or in the custody or control of an "insured" while it is anywhere in the world, unless otherwise noted. We cover the item(s) described in the Declarations or Schedule only if an amount of insurance and premium is shown for that property.

Property Covered. We cover the property insured under this endorsement when it is owned by or in the custody care, custody, or control of an "“insured" while it is anywhere in the world”, regardless of its worldwide location, unless otherwise noted. We cover the item(s) described in the Declarations or Schedule only if an amount of insurance and premium is shown for that property.