Common use of Branded Goods Clause in Contracts

Branded Goods. In the event of a claim for Damage to the Property Insured any salvage of branded goods, and/or merchandise either in the Insured's own possession or held by them in trust or on commission, and/or goods sold but not delivered shall not be disposed of by sale without the consent of the Company. If such salvage is not disposed of by sale then the claim will be assessed at the value agreed between the Insured and the Company and taken into consideration at the settlement of the loss.

Branded Goods. In the event of a claim for Damage to the Property Insured any Any salvage of branded goodsgoods and/or merchandise, and/or merchandise either in the Insured's ’s own possession or held by them the Insured in trust or on commission, and/or goods sold but not delivered delivered, shall not be disposed of by sale without the consent of the CompanyInsured. If such salvage is not disposed of by sale then the claim damage will be assessed at the value agreed between the Insured and the Company and taken into consideration at the settlement Insurer(s) after brands, labels or names have been removed by or on behalf of the lossInsured.

Branded Goods. In the event of a claim for Damage DAMAGE to the Property Insured property insured any salvage of branded goods, and/or goods or merchandise either in the Insured's insured’s own possession or held by them in trust or on commission, and/or commission or goods sold but not delivered shall not be disposed of by sale without the consent of the Companyinsured. If such salvage is not disposed of by sale then the claim amount of DAMAGE will be assessed at the value agreed between the Insured insured and the Company underwriter and taken into consideration at in the settlement of the lossclaim.