Common use of Master Key Clause in Contracts

Master Key. Coverage is provided for the reimbursement of the cost to replace lock(s) and key(s) at the “premises” insured made necessary by the actual destruction, disappearance or wrongful abstraction of master key(s) and/or lock(s) as the result of an insured peril damaging or destroying insured property.

Master Key. Coverage is provided for the reimbursement of the cost to replace lock(s) and key(s) at the “premises” premises insured made necessary by the actual destruction, disappearance or wrongful abstraction of master key(s) and/or lock(s) as the result of an insured peril damaging or destroying insured property.