Property Off Premises Sample Clauses

Property Off Premises a. You may extend your Building Property or Organizational Personal Property coverage, for which a limit is shown on the Schedule of Buildings and Personal Property shown on the declarations, for a total of up to $25,000 in any one occurrence to real and personal property covered while temporarily (not to exceed 180 days) away from locations that you own, control, lease or operate. We only cover loss while the property is within the policy territorial limits and caused by a cov- ered peril. b. Inter-Continent Coverage - You may extend your Organizational Personal Property coverage, for which a limit is shown on the Schedule of Buildings and Personal Property on the declarations, for an amount up to $25,000, but not to exceed $2,500 for any one item, to cover direct loss to insured property while temporarily (not to exceed one hundred eighty (180) days) used for your sponsored trip or activity: 1) At a premises outside of the United States of America, its territories and possessions, Canada, and Puerto Rico, caused by a peril covered; or 2 During transportation outside of the United States of America, its territories and possessions, Canada, and Puerto Rico, by motor vehicle, air, rail or sea caused by: a) Fire b) Collision c) Theft, but not mysterious disappear- ance, unexplained loss or shortage of inventory. The most we will pay under this Inter- Continent Coverage for loss caused by theft is $500 for any one item, up to a maximum of $2,500 per loss. This extension does not apply if the loss is cov- ered by any other insurance, whether collectible or not, or which would have been covered by such other insurance in the absence of this policy.