Common use of Lock Replacement Clause in Contracts

Lock Replacement. If your exterior door keys are lost or stolen, your policy provides up to $500 to re-key your locks or to replace them if it is not possible to re-key them. You must notify us within 72 hours of the discovery of the keys being lost or stolen. This Coverage Feature is not subject to a deductible. Should your dwelling be rendered a total loss by a peril not otherwise excluded your mortgagor may have the right to call in your mortgage loan, making it necessary for you to arrange a new loan. If your new mortgage loan bears a higher rate of interest than the old one, we will pay:

Lock Replacement. If your exterior door keys are lost or stolen, your policy provides up to $500 to re-key your locks or to replace them if it is not possible to re-key them. You must notify us within 72 hours of the discovery of the keys being lost or stolen. This Coverage Feature is not subject to a deductible. Should your dwelling be rendered a total loss by a peril not otherwise excluded excluded, your mortgagor may have the right to call in your mortgage loan, making it necessary for you to arrange a new loan. If your new mortgage loan bears a higher rate of interest than the old one, we will pay:

Lock Replacement. If your exterior door keys are lost or stolen, your policy provides up to $500 to re-key your locks or to replace them if it is not possible to re-key them. You must notify us within 72 hours of the discovery of the keys being lost or stolen. This Coverage Feature is not subject to a deductible. Should your dwelling unit be rendered a total loss by a peril not otherwise excluded your mortgagor may have the right to call in your mortgage loan, making it necessary for you to arrange a new loan. If your new mortgage loan bears a higher rate of interest than the old one, we will pay:

Lock Replacement. If your exterior door keys are lost or stolen, your policy provides up to $500 to re-key your locks or to replace them if it is not possible to re-key them. You must notify us within 72 hours of the discovery of the keys being lost or stolen. This Coverage Feature is not subject to a deductible. Should your dwelling unit be rendered a total loss by a an Insured peril not otherwise excluded your mortgagor may have the right to call in your mortgage loan, making it necessary for you to arrange a new loan. If your new mortgage loan bears a higher rate of interest than the old one, we will pay: