Common use of Reward Coverage Clause in Contracts

Reward Coverage. Subject to our prior approval, we will pay up to $1,000, without deductible, for each of the following, provided it is a covered loss: 1) The cost of advertising for the recovery of lost personal property; 2) A reward to any individual or organization, other than an insured person or the police while in their line of duty, a) Who is instrumental in returning the lost property, or b) For information leading to the arrest and conviction of any person or persons who commit any illegal act resulting in covered loss or damage to the property insured.

Reward Coverage. Subject to our prior approval, we will pay up to $1,000, without deductible, for each of the following, provided it is a covered cove red loss: 1) The cost of advertising for the recovery of lost personal property; 2) A reward to any individual or organization, other than an insured person or the police while in their line of duty, a) Who is instrumental in returning the lost property, or b) For information leading to the arrest and conviction of any person or persons who commit any illegal act resulting in covered loss or damage to the property insured.

Reward Coverage. Subject to our prior approval, we will pay up to $1,000500, without deductible, for each of the following, provided it is a covered loss: 1) The cost of advertising for the recovery of lost personal property; 2) A reward to any individual or organization, other than an insured person or the police while in their line of duty, a) Who is instrumental in returning the lost property, or b) For information leading to the arrest and conviction of any person or persons who commit any illegal act resulting in covered loss or damage to the property insured.