Common use of Property Covered Clause in Contracts

Property Covered. a. We cover personal property owned or used by an insured while it is anywhere in the world. This in- cludes structures not permanently attached to or otherwise forming a part of the realty. At your request, we will cover personal property:‌‌ (1) owned by others while the property is on the part of the residence premises occu- pied exclusively by an insured;‌‌ (2) owned by a guest or a residence em- ployee, while the property is in any other residence occupied by an insured; and‌‌ (3) owned by roomers, boarders, tenants, and other residents, any of whom are related to you.‌ b. We cover personal property usually located at an insured’s residence, other than the resi- dence premises, for up to $1,000 or 10% of the Coverage B limit, whichever is greater. This lim- itation does not apply to personal property:‌‌‌ (1) in a newly acquired principal residence for the first 30 days after you start moving the property there. If the residence premises is a newly acquired principal residence, per- ▇▇▇▇▇ property in your immediate past prin- cipal residence is not subject to this limitation for the first 30 days after the in- ception of this policy; and‌‌‌‌ (2) of a student who is an insured while lo- cated at a residence away from the resi- dence premises.‌‌‌

Appears in 1 contract

Sources: Renters Policy

Property Covered. a. We cover personal property owned or used by an insured while it is anywhere in the world. This in- cludes includes structures not permanently attached at- tached to or otherwise forming a part of the realtyre- alty. At your request, we will cover personal property:‌‌property: (1) owned by others while the property is on the part of the residence premises occu- pied exclusively by an insured;‌‌insured; (2) owned by a guest or a residence em- ployee, while the property is in any other residence occupied by an insured; and‌‌and (3) owned by roomers, boarders, tenants, and other residents, any of whom are related to you.‌you. b. We cover personal property usually located at an insured’s residence, other than the resi- dence premises, for up to $1,000 or 10% of the Coverage B limit, whichever is greater. This lim- itation does not apply to personal property:‌‌‌property: (1) in a newly acquired principal residence for the first 30 days after you start moving the property there. If the residence premises is a newly acquired principal residence, per- ▇▇▇▇▇ property in your immediate past prin- cipal residence is not subject to this limitation for the first 30 days after the in- ception of this policy; and‌‌‌‌and (2) of a student who is an insured while lo- cated at a residence away from the resi- dence premises.‌‌‌premises.

Appears in 1 contract

Sources: Condominium Unitowners Policy

Property Covered. a. We cover personal property owned or used by an insured while it is anywhere in the world. This in- cludes includes structures not permanently attached at- tached to or otherwise forming a part of the realtyre- alty. At your request, we will cover personal property:‌‌property: (1) owned by others while the property is on the part of the residence premises occu- pied exclusively by an insured;‌‌insured; (2) owned by a guest or a residence em- ployee, while the property is in any other residence occupied by an insured; and‌‌and (3) owned by roomers, boarders, tenants, and other residents, any of whom are related to you.‌you. b. We cover personal property usually located at an insured’s residence, other than the resi- dence premises, for up to $1,000 or 10% of the Coverage B limit, whichever is greater. This lim- itation does not apply to personal property:‌‌‌property: (1) in a newly acquired principal residence for the first 30 days after you start moving the property there. If the residence premises is a newly acquired principal residence, per- ▇▇▇▇▇ personal property in your immediate past prin- cipal principal residence is not subject to this limitation lim- itation for the first 30 days after the in- ception incep- tion of this policy; and‌‌‌‌and (2) of a student who is an insured while lo- cated at a residence away from the resi- dence premises.‌‌‌premises.

Appears in 1 contract

Sources: Condominium Unitowners Policy