Common use of PROPERTY EXCLUDED Clause in Contracts

PROPERTY EXCLUDED. This form does not insure loss or damage to: a) Property at locations which to the knowledge of the Insured, are vacant, unoccupied or shut down for more than thirty consecutive days; b) Growing plants, trees, shrubs or flowers, all while in the open except as provided in the Extensions of Coverage Clause 7.c); c) Money, bullion, platinum and other precious metals and alloys, securities, stamps, tickets and tokens, evidence of debt or ti tle; d) Automobiles, watercraft, amphibious or air cushion vehicles, aircraft, spacecraft, trailers, motors or other accessories attached to or mounted on such property, but this exclusion shall not apply to watercraft, amphibious or air cushion vehicles held for sale, unlicensed automobiles or unlicensed trailers used in the business of the Insured when on the premises of the Insured; e) Goods occasioned by or happening through their undergoing any process involving the application of heat; f) Electrical devices, appliances or wiring caused by artificially generated electrical currents, including arcing, unless fire or explosion ensues and then only for such ensuing loss or damage.

Appears in 2 contracts

Sources: Residential Rental Property Insurance Agreement, Residential Rental Property Insurance Agreement

PROPERTY EXCLUDED. This form does not insure loss or damage to: a) Property at locations which to the knowledge of the Insured, are vacant, unoccupied or shut down for more than thirty consecutive days; b) Growing plants, trees, shrubs or flowers, all while in the open except as provided in the Extensions of Coverage Clause 7.c); c) Money, bullion, platinum and other precious metals and alloys, securities, stamps, tickets and tokens, evidence of debt or ti tletitle; d) Automobiles, watercraft, amphibious or air cushion vehicles, aircraft, spacecraft, trailers, motors or other accessories attached to or mounted on such property, but this exclusion shall not apply to watercraft, amphibious or air cushion vehicles held for sale, unlicensed automobiles or unlicensed trailers used in the business of the Insured when on the premises of the Insured; e) Goods occasioned by or happening through their undergoing any process involving the application of heat; f) Electrical devices, appliances or wiring caused by artificially generated electrical currents, including arcing, unless fire or explosion ensues and then only for such ensuing loss or damage.

Appears in 2 contracts

Sources: Indemnity Agreement, Commercial Property Insurance Agreement

PROPERTY EXCLUDED. This form does not insure loss or damage to: a) Property at locations which to the knowledge of the Insured, are vacant, unoccupied or shut down for more than thirty consecutive days; b) Growing plants, trees, shrubs or flowers, all while in the open except as provided in the Extensions of Coverage Clause 7.c1.2.7 c); c) Money, bullion, platinum and other precious metals and alloys, securities, stamps, tickets and tokens, evidence of debt or ti tletitle; d) Automobiles, watercraft, amphibious or air cushion vehicles, aircraft, spacecraft, trailers, motors or other accessories attached to or mounted on such property, but this exclusion shall not apply to watercraft, amphibious or air cushion vehicles held for sale, unlicensed automobiles or unlicensed trailers used in the business of the Insured when on the premises of the Insured; e) Goods occasioned by or happening through their undergoing any process involving the application of heat; f) Electrical devices, appliances or wiring caused by artificially generated electrical currents, including arcing, unless fire or explosion ensues and then only for such ensuing loss or damage.

Appears in 1 contract

Sources: Commercial Building, Equipment and Stock Named Perils Form