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Common use of Salvage Clause in Contracts

Salvage. (1) The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) The Insurer shall contribute pro rata towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph (1) of this condition according to the respective interests of the parties.

Appears in 8 contracts

Samples: Insurance Agreement, Insurance Agreement, Rented Dwelling Comprehensive Form

Salvage. (1) The Insured, in In the event of any loss or damage to any property insured under property, the contract, shall Insured must take all reasonable steps to prevent further loss or damage to such that property so damaged and to prevent loss or damage to other property insured hereunder under the contract, including, if necessary, its removal removing the property to prevent loss or damage or further loss or damage theretoto the property. (2) The Insurer shall must contribute pro rata on a prorated basis towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph subparagraph (1) of this condition according to the respective interests of the partiescondition.

Appears in 7 contracts

Samples: Mobile Home Tenants Insurance Policy, Off Road Vehicle Insurance Agreement, Mobile Home Owners Insurance Policy

Salvage. (1) The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) The Insurer shall contribute pro rata proportionately towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph sub condition (1) of this condition according to the respective interests of the parties.

Appears in 2 contracts

Samples: Indemnity Agreement, Residential Dwelling and Contents Coverage Form

Salvage. (1) a. The Insured, in the event of any loss or damage to any property insured under the contractproperty, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other insured property insured hereunder including, if necessary, its removal to prevent damage or further damage theretoa secure location. (2) b. The Insurer shall contribute pro rata proportionately, according to the respective interests of the parties, towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph (1) subparagraph a. of this condition according to the respective interests of the partiescondition.

Appears in 2 contracts

Samples: General Liability Insurance Agreement, General Liability Insurance Agreement

Salvage. (1) . The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) . The Insurer shall contribute pro rata proportionately towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph sub condition (1) of this condition according to the respective interests of the parties.

Appears in 2 contracts

Samples: Boat Owner's Insurance Policy, Boat Owner's Policy

Salvage. (1) The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) The Insurer shall contribute pro rata towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-sub- paragraph (1) of this condition according to the respective interests of the parties.

Appears in 1 contract

Samples: Home Care Plan

Salvage. (1i) The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2ii) The Insurer shall contribute pro rata towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph (1i) of this condition according to the respective interests of the parties.

Appears in 1 contract

Samples: Group Accident Insurance Policy

Salvage. (1a) The Insured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2b) The Insurer shall contribute pro rata towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph (1) of this condition according to the respective interests of the parties.

Appears in 1 contract

Samples: Insurance Agreement

Salvage. (1) a. The Insured, Insured in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to any such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) b. The Insurer shall contribute pro rata towards any reasonable and proper expenses in connection with steps taken by the Insured and required under sub-paragraph subparagraph (1a) of this condition according to the respective interests of the parties.

Appears in 1 contract

Samples: Indemnity Agreement

Salvage. (1) The Insuredinsured, in the event of any loss or damage to any property insured under the contract, shall take all reasonable steps to prevent further damage to such property so damaged and to prevent damage to other property insured hereunder including, if necessary, its removal to prevent damage or further damage thereto. (2) The Insurer insurer shall contribute pro rata proportionately towards any reasonable and proper expenses in connection with steps taken by the Insured insured and required under sub-paragraph subcondition (1) of this condition according to the respective interests of the parties.

Appears in 1 contract

Samples: Residential Insurance Policy