Common use of ASSUMPTION OF RISK AND RELEASE FROM LIABILITY Clause in Contracts

ASSUMPTION OF RISK AND RELEASE FROM LIABILITY. 1. The University does not assume responsibility for the loss of money or valuables belonging to the Resident or any third parties, for any loss to person(s), or for any loss of or damage to personal property. It is recommended that the Resident maintain adequate public liability insurance coverage and renter’s insurance coverage for Resident’s personal property.