Common use of Reward Coverage Clause in Contracts

Reward Coverage. We will pay up to $500 to any individual or organization for information leading to the arrest and conviction of any person(s) who robs, steals, or burglarizes any covered personal property from you. We will also pay $1,000 for information which leads to a conviction for arson in connection with a fire loss to property insured by this form. This coverage may increase the amount otherwise applicable, however, the $500 or $1,000 limit will not be increased regardless of the number of persons providing information.

Reward Coverage. We will pay up to $500 to any individual or organization for information leading to the arrest and conviction of any person(s) who robs, steals, or burglarizes any covered personal property from youany insured. We will also pay $1,000 for information which leads to a conviction for arson in connection with a fire loss to property insured by this form. This coverage may increase the amount otherwise applicable, however, the $500 or $1,000 limit will not be increased regardless of the number of persons providing information. NOTE: Any deductible specified in the policy does not apply to this coverage.