Common use of Recovered Property Clause in Contracts

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 139 contracts

Samples: Homeowners Insurance Policy, Homeowners 3 – Special Form, Homeowners 3 – Special Form

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Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned re- turned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted ad- justed based on the amount you received for the recovered property.

Appears in 19 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recoveryre- covery. At your option, the property will be returned re- turned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered recov- ered property.

Appears in 11 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Agreement, Homeowners Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under un- der this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become be- come our property. If the recovered property is returned to or retained by you, the loss payment pay- ment will be adjusted based on the amount you received for the recovered property.

Appears in 7 contracts

Samples: Dwelling Property Insurance Agreement, Dwelling Insurance Agreement, Dwelling Property Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recoveryre- covery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered propertyproper- ty.

Appears in 6 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Policy, Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policyPolicy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 5 contracts

Samples: Homeowners Insurance Policy, Dwelling Property Insurance Agreement, Dwelling Property Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify no- tify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 3 contracts

Samples: Homeowners Insurance Policy, Homeowners Insurance Agreement, Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.the

Appears in 2 contracts

Samples: Condominium Insurance Policy, Condominium Insurance Policy

Recovered Property. 1. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. 2. At your option, the property will be returned to or retained by you or it will become our property. 3. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 2 contracts

Samples: Homeowners Policy, Homeowners Policy

Recovered Property. If you or we recover any property for which we have made payment under this policyendorsement, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, we will adjust the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 2 contracts

Samples: Collectible Personal Property Endorsement, Collector Vehicle Spare Parts or Tools Coverage Endorsement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned re- turned to or retained by you, the loss payment will be adjusted ad- justed based on the amount you received for the recovered recov- ered property.

Appears in 2 contracts

Samples: Comprehensive Homeowners Insurance Policy, Comprehensive Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.the

Appears in 2 contracts

Samples: Property Insurance Policy, Property Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you you, or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. recovery At your option, the property will be returned to or retained by you or it will become our property. property If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Homeshare Business Insurance Policy

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Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your optionop- tion, the property will be returned to or retained by you or it will become our property. If the recovered re- covered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Homeowners Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered re- covered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.based

Appears in 1 contract

Samples: Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment pay- ment will be adjusted based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your optionYou may choose to take possession of the recovered property, the property will be returned to or retained by you or it will become our property. If you choose to take possession of the recovered property is returned to or retained by youproperty, the loss payment will be adjusted based on the amount you received for the recovered property. This policy applies only to loss that occurs during the policy period.

Appears in 1 contract

Samples: Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under un- der this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned re- turned to or retained by you, the loss payment will be adjusted based on the amount you received re- ceived for the recovered property.

Appears in 1 contract

Samples: Dwelling Property Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recoveryre- covery. At your option, the property will be returned re- turned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.recov- ered property.‌

Appears in 1 contract

Samples: Homeowners Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered recoveredd property.

Appears in 1 contract

Samples: Dwelling Property Insurance Agreement

Recovered Property. If you or we recover any property for which we have made payment under this policy, you or we will notify the other of the recovery. At your option, the property will be returned to or retained re- tained by you or it will become our property. If the recovered property is returned to or retained re- tained by you, the loss payment will be adjusted adjust- ed based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Homeowners Insurance Policy

Recovered Property. If you or we recover any property for which we have made payment under this policy, policy you or we will notify the other of the recovery. At your option, the property will be returned to or retained by you or it will become our property. If the recovered property is returned to or retained by you, the loss payment will be adjusted based on the amount you received for the recovered property.

Appears in 1 contract

Samples: Homeowners Insurance Policy

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