Common use of Insured Premises Clause in Contracts

Insured Premises. a. If you own the one to four family house described in the Declarations, the insured premises mean that house, related private structures, and grounds at that location. b. If you own the townhouse or row house described in the Declarations, the insured premises mean that townhouse or row house, related private structures and grounds used or occupied exclusively by your household or rented to others for residential purposes at that location. c. If you own the one or two family mobile home described in the Declarations, the insured premises mean that mobile home, related private structures and grounds at that location. d. If you reside in or rent to others the condominium unit, cooperative, apartment or rented premises described in the Declarations, the insured premises mean the parts of the described location which are used or occupied exclusively by your household or rented to others for residential purposes.