ADDITIONAL SECURITIES 4 Clause Samples
The 'ADDITIONAL SECURITIES 4' clause defines the terms under which extra securities may be issued or made available beyond those initially specified in an agreement. Typically, this clause outlines the conditions, procedures, and limitations for issuing such additional securities, such as requiring board approval or compliance with regulatory requirements. Its core function is to provide a clear framework for expanding the pool of securities, thereby ensuring transparency and protecting the interests of existing stakeholders when new securities are introduced.
ADDITIONAL SECURITIES 4. 1 The rental rates include the basic insurances (RCA – Basic )with an excess starting from €1500 (CDW) for damages and from €1500 (TP) for theft up to € 3000 for luxury and Van categories. Therefore the liability for the loss of the vehicle, its parts or accessories, due to theft, or attempted theft, partial or total fire it's restricted to the compensation penalty that cannot be eliminated which maximum amount is of €1500/€3000 and may vary depending on negotiations and commercial agreements stipulated at the beginning of the rental and on car category ; 4.2 It's possible to eliminate any kind of excess for damages, partial or total theft, partial or total fire, damages due to acts of vandalism, damages caused by vegetation, damages to locks, damages to the roof, damages to windows, tyres, wheel rim, wheel cover, lights, buying the insurance SKPLUS (Super ▇▇▇▇▇ Plus) at the price specified in the rental rates (€ 25/day ), except for limitations stated on point 5 up to 5.7 and 4.4 and for administration costs; 4.3 the insurance SKPLUS can have some restrictions (excess reduction ) or have an higher price for some categories of vehicles established in the tariff plan at the time of the rental (Luxury and Van € 40/day). 4.4 It's not possible to eliminate the customer's liability in case of loss or damage of the key including water inside(€350), emergency vest (€35) safety triangle (€45), wrong refuel(amount to be estimated minimum € 700);loss or damage of license plate (€ 900 ), internal parts of the car, upholstery,mechanical parts, underbody, therefore they will be charged even in case of subscription of SKPLUS, in addition to immobilisation fees, roadside assistance and administration fees, if necessary. For rentals in Puglia and Campania it will not be possible to remove the whole theft excess which will cost € 500 ( € 1000 for 9 seaters minivan ) even in case of SKPLUS insurance purchase. All insurance coverages and roadside assistance are valid only in Italian territory.
ADDITIONAL SECURITIES 4. 1 The rental rates include the basic insurances (RCA – Basic )with an excess starting from €1500 (CDW) for damages and from €1500 (TP) for theft up to € 3000 for luxury and Van categories. Therefore the liability for the loss of the vehicle, its parts or accessories, due to theft, or attempted theft, partial or total fire it's restricted to the compensation penalty that cannot be eliminated which maximum amount is of €1500/€3000 and may vary depending on negotiations and commercial agreements stipulated at the beginning of the rental and on car category ; 4.2 It's possible to eliminate any kind of excess for damages, partial or total theft, partial or total fire, damages due to acts of vandalism, damages caused by vegetation, damages to locks, damages to the roof, damages to windows, tyres, wheel rim, wheel cover, lights, buying one of the 2 following products : the insurance SKPLUS (Super ▇▇▇▇▇ Plus) at the price specified in the rental rates (€ 25/day, for luxury and van category price € 40/day), or ITALY CAR ZERO insurance package ( € 33/day, for luxury and van category price € 60/day) which includes Super ▇▇▇▇▇ plus insurance, Special Road Assistance , PAI and no deposit requested. 4.3 Both insurances can have some restrictions (excess reduction) or limitations stated on point 5 up to 5.7 and 4.4. - 4.4 It's not possible to eliminate the customer's liability in case of loss or damage of the key including water inside(€350/€550), emergency vest (€35) safety triangle (€45), wrong refuel(amount to be estimated minimum € 700);loss or damage of license plate (€ 900 ), internal parts of the car, upholstery, accessories, mechanical parts, underbody, therefore they will be charged even in case of subscription of SKPLUS and Italy Car Zero insurance, in addition to immobilisation fees, roadside assistance and car recovery costs, if necessary. For rentals in Puglia and Campania it will not be possible to remove the whole theft excess and the deposit which will be € 500 ( € 1500 for 9 seaters minivan ) even in case of SKPLUS and Italy Car Zero insurances purchase. Italy Car Rent cars can be driven in all countries of the European Union, Norway, Switzerland and the United Kingdom by paying the “Cross-border” surcharge (€15/day), which can only be purchased at the rental desk when the car is picked up. It allows the application of deductible reduction/elimination services and roadside assistance in case of breakdown in the countries of the European Union. In the eve...
ADDITIONAL SECURITIES 4. 1 The rental rates include the basic insurances (RCA – Basic
ADDITIONAL SECURITIES 4. 1 The rental rates include the basic insurances (RCA – Basic )with an excess €1500 (CDW) for damages and an excess of €1500 (TP) for theft therefore the liability for the loss of the vehicle, its parts or accessories, due to theft, or attempted theft, partial or total fire it's restricted to the compensation penalty that cannot be eliminated which maximum amount is of €1500 and may vary depending on negotiations and commercial agreements stipulated at the beginning of the rental and on car category ; for Luxury and Van the excess is € 3000 for damages and € 3000 for theft.