Personal Property Insurance definition

Personal Property Insurance. LESSEE shall solely be responsible for securing and maintaining any insurance on LESSEE'S stock, trade fixtures, equipment or other personal property located in the Premises, and LESSOR shall not have any obligation to repair or replace same unless such damage is caused by negligence of LESSOR, its employees, agents or servants.
Personal Property Insurance. Lessee shall obtain, at Lessee's sole cost and expense, a policy of fire and extended coverage insurance including coverage for direct physical loss special form, and a sprinkler leakage endorsement insuring the personal property of Lessee. The proceeds from any personal property damage policy shall be payable to Lessee.
Personal Property Insurance. Replacement cost all-risk property insurance, in an amount sufficient to cover full replacement costs of all Contractor’s personal property, fixtures, inventory, equipment and Contractor’s improvements. Business Income or Interruption Insurance: Business income or interruption insurance in the amount of $200,000 or thirty (30) calendar days loss of income plus salaries, whichever is less.

Examples of Personal Property Insurance in a sentence

  • Fire and Personal Property Insurance covering against any loss or damage to the office space used by Contractor for any reason under this Contract, and the equipment, software and other contents of such office space, including without limitation, those contents used by Contractor to provide the Services to the State, up to the replacement value thereof, where such office space and its contents are under the care, custody and control of Contractor.

  • Any proceeds from the Personal Property Insurance shall be used for the repair or replacement of the property damaged or destroyed, unless this Lease is terminated under an applicable provision herein.

  • Fire and Personal Property Insurance covering against any loss or damage to the office space used by Contractor for any reason under this Contract, and the equipment, software and other contents of such office space, including without limitation, those contents used by Contractor to provide the Services to the State, up to the replacementvalue thereof, where such office space and its contents are under the care, custody and control of Contractor.

  • Any proceeds from the Personal Property Insurance will be used for the repair or replacement of the property damaged or destroyed, unless the Lease Term is terminated under an applicable provision herein.

  • Building and Business Personal Property Insurance (including employee dishonesty and general liability)Convention CancellationNon-Profit Professional Liability Employers Liability Insurance Fiduciary LiabilityEditor’s and Omission The Executive Director, in consultation with the Secretary-Treasurer, reviews the coverage annually at the time of renewal.

  • Fire and Personal Property Insurance covering against any loss or damage to the office space used by Contractor for any reason under this Contract, and the equipment, software and other contents of such office space, including without limitation, those contents used by Contractor to provide the Services to the State, up to the replacement value thereof, where such office spaceand its contents are under the care, custody and control of Contractor.

  • Personal Property Insurance covering leasehold improvements paid for by Tenant and Tenant's personal property and fixtures from time to time in, on, or at the Premises, in an amount not less than 100% of the full replacement cost, without deduction for depreciation, providing protection against events protected under "All Risk Coverage," as well as against sprinkler damage, vandalism, and malicious mischief.

  • If coverage for any subsequent school year is desired it must be done solely at your discretion by completing and submitting for approval the Personal Property Insurance Coverage Request application for that upcoming school year and paying the required premium.

  • If the Premises are not repaired or restored following damage or destruction in accordance with other provisions herein, Landlord shall receive any proceeds from the Personal Property Insurance allocable to Tenant’s leasehold improvements.

  • If the Premises are not repaired or restored following damage or destruction in accordance with other provisions herein, Landlord shall receive any proceeds from the Personal Property Insurance allocable to Tenant's leasehold improvements.


More Definitions of Personal Property Insurance

Personal Property Insurance means insurance against loss of or damage to movable or personal property, but does not include aircraft insurance or automobile insurance;
Personal Property Insurance means insurance against the loss of, or damage to, movable or personal property but does not include insurance within the class of aircraft insurance and automobile insurance.
Personal Property Insurance. An "All risk" property insurance policy, including boiler and machinery comprehensive form, if applicable, covering damage to or loss of any equipment of BUYER and coverage for the full replacement cost, including electronic data processing equipment, and coverage for the full replacement cost of the equipment, including business interruption of BUYER. If the property of XXXXX's invitees is to be kept on the Property, the insurance should include warehouser's legal liability or bailee customers' insurance for the full replacement cost of the property belonging to invitees and located on the Property. Umbrella Liability Insurance – An umbrella (over primary) or excess policy may be used to comply with limits or other primary coverage requirements. When used, the umbrella policy shall apply to bodily injury/property damage, personal injury/advertising injury and shall include a “dropdown” provision providing primary coverage for any liability not covered by the primary policy. The coverage shall also apply to automobile liability.

Related to Personal Property Insurance

  • Personal Property means all machinery, equipment, furniture, furnishings, movable walls or partitions, computers (and all associated software), trade fixtures and other personal property (but excluding consumable inventory and supplies owned by Tenant) used in connection with the Leased Property, together with all replacements and alterations thereof and additions thereto, except items, if any, included within the definition of Fixtures or Improvements.

  • Residential real property means real property improved with not less than one nor more than four residential dwelling units: units in residential cooperatives; or, condominium units including the limited common elements allocated to the exclusive use thereof that form an integral part of the condominium unit. The term includes a manufactured home as defined in subdivision (53) of Section 9-102 of the Uniform Commercial Code that is real property as defined in the Conveyance and Encumbrance of Manufactured Homes as Real Property and Severance Act.