Insured Property definition

Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

Insured Property means the following property as listed on your schedule of values, unless excluded elsewhere in this policy, to the extent of the interest in such property:

Insured Property means the Insured Vessel, Trailer, Tender, Auxiliary Motor, and Personal Effects, as described on the Declarations Page and subject to the terms and conditions set out herein.

Examples of Insured Property in a sentence

• If the Insured Property is legally removed from your custody or, in the event of an Insured Person’s insolvency or bankruptcy, all coverages herein will cease without further notice to you unless such change is accepted by us in writing.

• The Insured Property must be laid-up ashore during the dates indicated on the Declarations Page.

• We will not be liable for any loss or damage to the Insured Property or any liability resulting from any injury, death, or third-party property damage, if all operators of the Insured Property are not in compliance with all government regulations and licensing requirements.

• Land Transit Extension This extension applies only to losses which occur while the Insured Property is being transported upon land within a 750 mile radius of the Named Insured’s postal address as shown on the Declarations Page.

• If you sell, transfer, mortgage or pledge any interest in the Insured Property or this policy, all coverages herein will cease without further notice to you unless such change is accepted by us in writing.

More Definitions of Insured Property

Insured Property means any of the following items covered by this certificate:

Insured Property means tangible property of every description not expressly excluded, the Insured’s own or held by the Insured jointly or in trust or on commission and for which the Insured is responsible.

Insured Property means the personal watercraft, including the power units, accessories and equipment. “Parasailing” means using your personal watercraft to tow a person or persons in a device designed for flight. “Waterskiing” means using your personal watercraft to tow a person or persons on water skis or flotation devices.

Insured Property shall have the meaning ascribed to such term in Section 6.01.

Insured Property means property for which the Strata Corporation is obligated to maintain insurance pursuant to the Act;

Insured Property means that property insured by this Section and described in the Schedule;

Insured Property except “stock” and property of others The value of “insured property” except “stock” and property of others will be determined as follows: