PERSONAL PROPERTY COVERAGE Clause Samples
The Personal Property Coverage clause defines the insurance protection provided for an individual's belongings against covered risks such as theft, fire, or certain types of accidental damage. This coverage typically applies to items like furniture, electronics, clothing, and other personal possessions, whether they are located at the insured's residence or, in some cases, temporarily off-premises. Its core function is to ensure that policyholders are financially protected from loss or damage to their personal property, thereby reducing the financial burden of replacing or repairing these items after an insured event.
PERSONAL PROPERTY COVERAGE. An Association member’s personal property used for instructional, job related, or other reasonable purposes that is brought within a district building or district vehicle shall be covered up to one thousand dollars ($1000.00). This coverage will be based on replacement value for loss of items through fires, flood, vandalism, theft or break-in. Replacement value is the cost to replace a given item at the time of loss as opposed to the retail value of the item. The loss of personal property shall be reported immediately to the principal. The district will take reasonable measures to ensure that district parking lots adjoining district buildings are secure from theft during school hours within the limitations of the district’s resources and budget.
PERSONAL PROPERTY COVERAGE. Coverage is provided against physical loss if your contents are damaged, destroyed, or lost. The kinds of losses that are covered, and any special limits that apply, are explained in detail in the wordings. The deductible for each personal property loss due to an earthquake is CAD 2,500.
PERSONAL PROPERTY COVERAGE. An Association member’s personal property used for instructional, job related, or other reasonable purposes and on district premises shall be covered up to one thousand dollars ($1000.00). This coverage will be based on replacement value for loss of items through fires, flood, vandalism, theft or break-in. The loss of personal property on district premises shall be reported immediately to the principal.
PERSONAL PROPERTY COVERAGE for 100% of the insurable replacement value of Lessee’s personal property in, about, or on the Property. District is not responsible for personal property losses suffered by the Lessee or Lessee’s employees, agents, subtenants, contractors, subcontractors, or volunteers.
PERSONAL PROPERTY COVERAGE. Agreement
PERSONAL PROPERTY COVERAGE. In amount sufficient to cover the Party’s own personal property.
PERSONAL PROPERTY COVERAGE. Coverage is provided against physical loss if your contents are damaged, destroyed, or lost. The kinds of losses that are covered, and any special limits that apply, are explained in detail in the wordings. Money or cash cards $200 Business property, but only while on your premises $2,500 Securities $1,500 Watercraft, their furnishings, equipment, accessories & motors $1,500 Utility trailers $1,500 Spare automobile parts $1,500 Jewelry, watches, gems and furs $1,500 Coin or banknote collections $200 Stamp collections $1,500
PERSONAL PROPERTY COVERAGE. PERILS INSURED AGAINST: We will provide coverage for direct physical loss or damage to your Personal Property, arising from an Occurrence, except as specifically excluded in this policy.
PERSONAL PROPERTY COVERAGE. COVERED PROPERTY PROPERTY NOT COVERED
1. any animals or creatures, unless you have elected Pet Parent Coverage.
2. motor vehicles. However, we do cover a motorized assisted living device to assist the disabled.
3. aircraft or self-propelled missiles, including drones for personal use.
4. property of an insured which is rented or is available for rent to others when it is away from the residence premises.
5. property of roommates, boarders and other tenants not related to an insured.
6. any property which is illegal for an insured to possess under federal or state law.
7. water, electricity or gas.
8. money; cashiers’ checks; currency or any type of currency proxy; bank notes; medals; coins; bullion; and precious metals. This includes collections of all such property in any form.
9. business personal property.
PERSONAL PROPERTY COVERAGE. Throughout the Term, the Synod, at the Synod’s sole cost and expense, shall maintain in full force and effect policies of insurance covering the Synod’s personal property, trade fixtures and equipment located in the Premises for the replacement cost thereof, insuring against physical loss or damage generally included in the classification of “all risk” coverage.