Common use of Property Removed Clause in Contracts

Property Removed. If you must remove insured property from your premises to protect it from loss or damage that is covered by this policy, it is insured by this form for 90 consecutive days or until your policy term ends - whichever occurs first. The amount of insurance will be divided in the proportions that the value of the property removed bears to the value of all insured property at the time of loss. The deductible applies to this Coverage Feature.

Appears in 15 contracts

Samples: Condominium Policy, Comprehensive Homeowners, Comprehensive Homeowners

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Property Removed. If you must remove insured property from your premises to protect it from loss or damage that is covered by this policy, it is insured by this form for 90 consecutive days or until your policy term ends - whichever occurs first. The amount of insurance will be divided in the proportions that the value of the property removed bears to the value of all insured property at the time of loss. The deductible applies to this Coverage Feature.

Appears in 1 contract

Samples: galoninsurance.ca

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