Common use of Property Loss Clause in Contracts

Property Loss. a. Employees shall be reimbursed for the repair or replacement of any personal property of the employee stolen, damaged, or destroyed while the employee was on duty, unless such damage or theft is due to negligence by the employee and only to the extent not covered by the employee’s personal insurance. Personal property shall include but not be limited to eye glasses, watches, and articles of clothing necessarily worn or carried by the employee, and vehicles. b. In the event a payment is made under this policy, the Employer will, to the extent of such payment, be subrogated to any right of the employee to cover compensation for such damaged property. The Employer will be entitled to enforce its subrogation rights in any court of competent jurisdiction. c. The amount of reimbursement to the employee by the Employer shall be limited to the actual cost of repair or replacement, not to exceed $500.00 per incident. Reimbursement of loss to be determined on a case-by-case basis.

Property Loss. a. Employees shall be reimbursed for the repair or replacement of any personal property of the employee stolen, damaged, or destroyed while the employee was on duty, unless such damage or theft is due to negligence by the employee and only to the extent not covered by the employee’s 's personal insurance. Personal property shall include but not be limited to eye glasses, watches, and articles of clothing necessarily worn or carried by the employee, and vehicles. b. In the event a payment is made under this policy, the Employer will, to the extent of such payment, be subrogated to any right of the employee to cover compensation for such damaged property. The Employer will be entitled to enforce its subrogation rights in any court of competent jurisdiction. c. The amount of reimbursement to the employee by the Employer shall be limited to the actual cost of repair or replacement, not to exceed $500.00 per incident. Reimbursement of loss to be determined on a case-by-case basis.