What does the Control of Property condition state?

The Control of Property condition acknowledges that the insured may not have complete control over their property. This aspect is crucial in the context of insurance because it recognizes that certain factors can impact the ownership and condition of property that are beyond the insured's influence. For instance, if the property is leased or if there are third parties involved in its management, the insured could be held liable for damages even though they don’t have direct control over all actions related to the property.

This understanding is important because it helps in assessing the risk associated with insuring particular properties and the responsibilities that come with ownership. Since various external factors can affect a property’s safety and security, knowing that the insured may not fully control those variables is a key consideration in commercial insurance policies.