Personal Property of Others definition
Examples of Personal Property of Others in a sentence
The exception for Replacement Cost for property of others in paragraph 10 immediately above (Replacement Cost) does not apply to coverage for Personal Property of Others and Personal Property of Clergy provided by paragraphs 11 and 12 in the Additional Coverages – No Deductible section of this policy.
We pay only that part of your loss over the deductible amount stated on the For loss to Rented Personal Property of Others only, we pay only that part of your loss over $1,000 in any one occurrence.
All Real and Personal Property owned by the Insured including Personal Property of Others in the Insured’s care, custody or control of which the Insured is legally liable to insure; and Business Interruption.
When Replacement Cost (RC) is shown on the declarations for your Organizational Personal Property, the exception for property of others in the Replacement Cost provision of the Valuation of Property section of this policy does not apply to personal property of others referenced in items #9 and #10 above or to specifically declared Personal Property of Others shown on the declarations.
However, scheduled Personal Property of Others and Clergy Ministry Personal Property are covered on a primary basis, unless provided otherwise by these coverages.