Common use of Protection and Preservation of Property Clause in Contracts

Protection and Preservation of Property. In the event of loss likely to be covered by this “Memorandum,” “You” shall endeavor to protect covered property from further damage and shall separate the damaged and undamaged personal property and store in the best possible order, and shall furnish a complete inventory of the destroyed, damaged and undamaged property to “Us.” In case of actual or imminent physical loss or damage of the type insured against by this “Memorandum,” the expenses incurred by “You” in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be added to the total physical loss or damage otherwise recoverable under this “Memorandum” and be subject to the applicable deductible and without increase in the limit provisions contained in this “Memorandum.” Due to the unique nature of Health Care Facilities where it is deemed necessary to evacuate patients from the premises in order to reduce the physical loss potential from an actual or imminent loss or damage by a ▇▇▇▇▇ not excluded herein, all terms and conditions of this clause will apply to the expenses incurred as a result of the evacuation.

Protection and Preservation of Property. In the event of loss likely to be covered by this “Memorandum,” “You” shall endeavor to protect covered property from further damage and shall separate the damaged and undamaged personal property and store in the best possible order, and shall furnish a complete inventory of the destroyed, damaged and undamaged property to “Us.” In case of actual or imminent physical loss or damage of the type insured against by this “Memorandum,” the expenses incurred by “You” in taking reasonable and necessary actions for the temporary protection and preservation of property insured hereunder shall be added to the total physical loss or damage otherwise recoverable under this “Memorandum” and be subject to the applicable deductible and without increase in the limit provisions contained in this “Memorandum.” Due to the unique nature of Health Care Facilities where it is deemed necessary to evacuate patients from the premises in order to reduce the physical loss potential from an actual or imminent loss or damage by a ▇▇▇▇▇ peril not excluded herein, all terms and conditions of this clause will apply to the expenses incurred as a result of the evacuation.