The Insured Property Clause Samples
The Insured Property clause defines exactly which assets, items, or interests are covered under the insurance policy. It typically lists or describes the specific property, such as buildings, equipment, inventory, or personal belongings, that the insurer agrees to protect against specified risks. By clearly identifying what is insured, this clause ensures both parties understand the scope of coverage and helps prevent disputes over what is included in the event of a claim.
The Insured Property. All property comprising the entire Project, including but not limited to: the Plant, Machinery, Rail, Gas, Water and Electrical Interconnections, buildings and their contents, stock, fixtures, fittings and all other property being the Insured’s own or in their custody or control.
The Insured Property. All imported Cargoes and/or interest and/or stock of whatsoever description including plant, equipment, machinery, (other than Contractors construction plant and equipment), spare parts and other items for incorporation within the Site.
The Insured Property. All movable and transportable machines as far as they fall under pledge of securities and unless already insured under the coverage under section 1 of this schedule.