RECOVERY PROPERTY CLASS Clause Samples

The "Recovery Property Class" clause defines a specific category of property that is eligible for recovery under an insurance policy or contractual agreement. Typically, this clause outlines which types of assets—such as equipment, inventory, or real estate—are included in the recovery process following a loss event like damage or theft. By clearly specifying the property class, the clause ensures that both parties understand which items are covered for compensation or restoration, thereby reducing disputes and providing clarity in the event of a claim.