Common use of Other Structures Clause in Contracts

Other Structures. We cover other structures on the property, separated from the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line or similar connection are considered to be other structures. Our maximum limit of liability is 10% of the Coverage A - Dwelling limit shown on the Mortgagor’s Notice of Insurance for loss by a peril insured against to other structures described in this Coverage B. Payment under Coverage B - Other Structures reduces the amount payable for loss under Coverage A – Dwelling. We do not cover structures:

Appears in 4 contracts

Samples: Participation Finance Agreement (preREO LLC), Participation Finance Agreement, Participation Finance Agreement

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Other Structures. We cover other structures on the property, separated from f rom the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line or similar connection are considered to be other structures. Our maximum limit of liability is 10% of the Coverage A - Dwelling limit shown on the Mortgagor’s Notice of Insurance for loss by a peril insured against to other structures described in this Coverage B. Payment under Coverage B - Other Structures reduces the amount payable for loss under Coverage A – Dwelling. We do not cover structures:

Appears in 1 contract

Samples: Participation Finance Agreement

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