Common use of Insurance of Property Clause in Contracts

Insurance of Property. The Borrower shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. HDFC be made the sole beneficiary under the policy / policies.

Insurance of Property. The Borrower shall ensure that the property is, during the pendency of the loan, always duly and properly insured against all risks such as earthquake, fire, flood, explosion, xxxxx, xxxxxxx, cyclone, civil commotion, etc. HDFC be made the sole beneficiary under the policy / policy/policies.