Common use of Ownership of Property; Interests Covered Clause in Contracts

Ownership of Property; Interests Covered. The insured property may be owned by the Insured, or held by the Insured in any capacity whether or not the Insured is liable for the loss thereof, or may be property as respects which the Insured is legally liable; provided, Insuring Agreements II, III, and IV apply only to the interest of the Insured in such property, including the Insured’s liability to others, and do not apply to the interest of any other person or organization in any of the said property unless included in the Insured’s proof of loss, in which event the third paragraph of Item 10 is applicable to them.

Ownership of Property; Interests Covered. Section 5. The insured property may be owned by the Insured, or held by the Insured in any capacity whether or not the Insured is liable for the loss thereof, or may be property as respects which the Insured is legally liable; provided, Insuring Agreements II, III, and IV apply only to the interest of the Insured in such property, including the Insured’s 's liability to others, and do not apply to the interest of any other person or organization in any of the said property unless included in the Insured’s 's proof of loss, in which event the third paragraph of Item 10 Section 8 is applicable to them.

Ownership of Property; Interests Covered. Section 5. The insured property may be owned by the Insured, or held by the Insured in any capacity whether or not the Insured is liable for the loss thereof, or may be property as respects which the Insured is legally liable; , provided, Insuring Agreements II, III, and IV apply only to the interest of the Insured in such property, including the Insured’s liability to others, and do not apply to the interest of any other person or organization in any of the said property unless included in the Insured’s proof of loss, in which event the third paragraph of Item 10 Section 8 is applicable to them.