Damage to Personal Property of Others Sample Clauses

Damage to Personal Property of Others. At “our” option, a covered loss may be adjusted with and paid: a. to “you” on behalf of the owner; or b. to the owner. If “we” pay the owner, “we” do not have to pay an “insured”.
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Damage to Personal Property of Others. At our option, an insured loss to property of others may be: a. adjusted with and paid to you for the account of the owner of the property; or b. adjusted with and paid to the owner. Payment to the owner discharges our obligation to an insured as to this property.
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Related to Damage to Personal Property of Others

  • Title to Personal Property Each of the Company and its subsidiaries has good and marketable title to, or have valid and marketable rights to lease or otherwise use, all items of personal property owned or leased (as applicable) by them, in each case free and clear of all liens, encumbrances, claims and defects and imperfections of title except those that (i) do not materially interfere with the use made and proposed to be made of such property by the Company and its subsidiaries or (ii) could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

  • Damage to Property Of Others 1. We will pay, at replacement cost, up to $1,000 per "occurrence" for "property damage" to property of others caused by an "insured". 2. We will not pay for "property damage": a. To the extent of any amount recoverable under Section I;

  • Property of Others Unless otherwise specifically stated in the contract, the Insurer is not liable for loss or damage to property owned by any person other than the Insured, unless the interest of the Insured therein is stated in the contract.