SECURITIES DEPOSITED WITH OTHERS COVERAGE
applies to loss or damage resulting from theft, disappearance or destruction of the insured's securities while those securities are located inside the premises of the person or organization that has been entrusted with the securities. It also covers the securities while being transported by that person or an employee of that person or organization. It also covers securities of the insured that are placed in a depository, such as a bank, for loss or damage due to theft, disappearance or destruction when the securities had been placed there by the entrusted person or organization.