Damage Insurance Sample Clauses
A damage-insurance clause requires one or both parties to obtain and maintain insurance coverage for potential damages that may occur during the course of a contract or project. This clause typically specifies the types and minimum amounts of insurance required, such as property damage or liability insurance, and may require proof of coverage to be provided to the other party. Its core function is to allocate financial risk and ensure that funds are available to cover losses, thereby protecting both parties from unexpected costs due to damage or accidents.
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Damage Insurance. Covers normal and accidental damage and wear and tear for normal and reasonable use of the bicycle due to terrain features, unseen obstacles on open terrain, or breakage from common wear. Damage caused by negligent or reckless behavior, intentional misuse, and loss due to theft ARE NOT COVERED! Damage is solely determined by CPMR staff, and participant (and Guardian if participant is a minor) will be held financially responsible for damage/loss arising from negligent or reckless behavior, intentional misuse, and theft. If participant (and Guardian if participant is a minor) elects to forgo damage insurance, participant (and Guardian if participant is a minor) will be held financially responsible for the full cost to repair and/or replace damaged components on the bicycle. All bicycles are inspected prior to each rental and immediately following return by CPMR staff. Check here if purchasing Damage Insurance with rental Please Initial Participant Signature Date Participant Printed Name Date of Birth Phone Number Participant’s Address City, State, Zip Guardian Signature Date Guardian Printed Name Date of Birth Phone Number Guardian Address City, State, Zip Please Read Carefully Before Signing Equipment Rental Agreement & Release of Liability Part II
Damage Insurance. Lessee assumes all risk of loss of the Equipment. Lessee will keep the Equipment insured against all risks of loss in an amount not less than its replacement cost (listing Lessor as loss payee and additional insured) and against public liability in an amount satisfactory to Lessor (listing Lessor as additional insured). Lessee will provide upon the acceptance of each item of Equipment, and as requested subsequently, a certificate of insurance or such other evidence of coverage. In the event of loss, theft, destruction, damage, condemnation or other taking of the Equipment, Lessee shall at Lessor's option (i) replace the Equipment with like equipment in good repair and condition or (ii) pay to the Lessor (1) past due rent, (2) all future rent to become due during the unexpired Term discounted to present value at 5%, and (3) all other amounts due under this Agreement.
Damage Insurance. 1Customer is solely responsible for all risk and actual losses and damage to the Equipment, regardless of cause, other than Reasonable Wear and Tear. Customer shall notify Owner in writing regarding all losses or damage within twenty-four (24) hours of any occurrence. In the event the Equipment is lost, stolen, destroyed, or in Owner’s judgment is damaged beyond repair, Customer shall immediately pay to Owner the stated value of the Equipment, as set forth on the applicable Rental Out Schedule (the “Stated Value”). Rental payments, which were made prior to the loss or damage, shall not be applied to payment of the Stated Value. But, in the event the Equipment is damaged but reparable in Owner ‘s judgment, Customer shall be responsible to pay for the: (a) all the costs to repair the Equipment; and (b) all rental payments, until such repairs have been completed to Owner’s satisfaction and the Equipment has been returned to Owner.
Damage Insurance. As a part of your stay, you may purchase a Vacation Rental Damage Protection plan designed to cover unintentional damages to the rental unit interior that occur during your stay provided they are disclosed to management prior to check-out. If purchased, the policy will pay a maximum benefit of $3000. Any damages that exceed $3000 or are not covered under the plan will be charged to the credit card on file. If, during your stay at one of our rental properties, an insured person causes any damage to real or personal property of the unit as a result of inadvertent acts or omissions, the Insurer will reimburse the Insured for the cost of repair or replacement of such property up to a maximum benefit of $3000. Certain terms and conditions apply. Full details of the Vacation Rental Damage coverage are contained in the Plan documents here: ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇▇▇.▇▇?product=g-20vrd. The Vacation Rental Damage can be purchased up to, and including at, check-in. By submitting payment for this plan, you authorize and request Customized Services Administrators, Inc. d/b/a Generali Global Assistance & Insurance Services to pay directly Elite Escapes Vacation Rentals any amount payable under the terms and conditions of the Vacation Rental Damage. Please contact Elite Escapes Vacation Rentals directly if you do not wish to participate in this assignment. The maximum occupancy is for each home is stated on the property listing and you will also be advised this at the time of booking. Should the home be over occupied, you will be removed from the property with no refund. Should it be found upon departure evidence of over occupancy, we will charge the card on file. Elite Escapes Vacation Rentals does not offer refunds or reschedule trips due to hurricane activity. If you are concerned about possible interruption, cancellation or delayed travel due to tropical occurrences, you are strongly encouraged to purchase travel insurance at the time of booking. The peak season for tropical activity is August through October. - -All properties are strictly non-smoking in or near the property. Absolutely no pets are allowed (unless prior written consent). Failure to comply with this will result in the eviction of the Guest from the Property, without recompense or refund and will be charged a $500 penalty. - The Guest making the reservation must be 25 years of age or older and must occupy the rental property the entire term of the reservation. - By state law, occupancy m...
Damage Insurance. During the term of this credit, the debtor undertakes to contract and maintain valid insurance against all damages and losses caused by willful misconduct, fault, fortuitous event, and/or force majeure that the movable or immovable property subject to this guarantee and its structures may suffer, through a policy issued by an Insurance Entity of their free choice, for an amount according to the following detail: And transfer to Banco National de Costa Rica their right to the compensation that the insurer must pay in case of a claim, through the figure of Mortgage Creditor. The debtor declares knowledge and acceptance that the policy must be duly established prior to the formalization of the credit and be acquired in colones since it is the currency in which the appraisal is expressed. In cases where, at the express request of the client, they want to subscribe to the policy in dollars, they must commit in the legal document to make adjustments to the policy amount that the Bank requests. The debtor undertakes to expressly and in writing authorize the Bank at the time of formalization of the credit, so that it can consult and obtain from the insurance company all the information related to the policies referred to in this clause. The authorization must remain valid at all times until the expiration or total payment of this obligation. In case the debtor changes the insurance company, they must inform the Bank and provide a new authorization to the insurance company they have contracted. The insurance company contracted by the debtor must have administrative authorization from the Superintendencia General de Seguros (SUGESE) for its proper operation in the country. The debtor declares knowledge and acceptance that in case of an Uninsured event covered by the contracted policy, limitations, or exclusions imposed by the chosen Insurance Company, Banco National assumes no responsibility. Likewise, the debtor undertakes to keep this insurance in force until the expiration or total payment of this obligation and agrees to keep the Bank informed, by appropriate means, of the periodic renewals they make of the insurance. Failure to comply with the obligations established in this clause gives the Bank the right to declare the obligation due and demand it in its entirety through legal means. It is established between the parties that if, for any reason or circumstance, there is a lack of contracting or renewal of the policies attached to this credit, this does not ge...
Damage Insurance. The Renter should ensure that they have adequate insurance to cover them in the event of damage being caused to the holiday rental.
Damage Insurance. 6.1 The Lessor agrees to take responsibility of the damages occurred to the Lessee and/or CAT Telecom PLC in case the staff or employee of the Lessor intentionally or carelessly or without sufficient expertise acts or refrain from acting, which causes damage or unfunctional condition or uncorrectable condition to the network system and WiFi Devices relevant to the Lessor. The Lessor shall replace with quality and functional network system and WiFi Devices and all the accessories of not less than of those within the period specified by the Lessee. CATBUZZ (Logo) Translated from Thai
6.2 The Lessor agrees to cooperate and facilitate the Lessee for the compliance with this Agreement and allows the staffs/representative of the Lessee to enter the location or area of network system and WiFi Devices and all the accessories installation to provide the maintenance service to the users at all time, which shall be consented by the location’s owner for each entrance. The lessee shall supervise the service of the Lessee’s staffs/representatives to be cautious and avoid causing any damages within the location or area of network system and WiFi Devices and all the accessories installation. Thus, if Lessee’s staffs/representatives cause any damages to the network system and WiFi Devices and all the accessories, whether intentionally or carelessly, the Lessee shall take the responsibility for all the actual damages occurred.
6.3 In case a third party cites or exercise any rights to claim for any infringement or breach of intellectual property regarding the network system and WiFi Devices and all the accessories for the Google Station WiFi Service under this Agreement, the Lessor shall proceed by any mean to terminate such citing or claims immediately. If the Lessor fails to do so and causes the Lessee and/or CAT Telecom PLC to be liable to the damages for the third party due to the results of the said infringement or breach of intellectual property, the Lessor shall pay for the damage compensations and expenses, including the fees and lawyer fees instead of the Lessee and/or CAT Telecom PLC. The Lessee, however, shall notify the Lessor in written in case of such citing or claims without any hesitation as necessary to protect such rights.
Damage Insurance. To take out and keep in force all risks direct damage insurance, to full replacement value, upon its personal property, equipment, furniture, fixtures, improvements and all parts of the Demised Premises which the Tenant is obligated to keep in repair.
Damage Insurance. 12.1 BUYER shall hold the Instrument at its own expense and risk. BUYER undertakes to adequately insure the Instrument with a company of its own choice.
12.2 When entering into the insurance contract or at least as soon as possible, the BUYER is obliged to notify the SELLER of the SELLER's ownership and to provide proof of this to the SELLER.
12.3 The BUYER guarantees that an insurance has been taken out by it, insofar as it is required by law with regard to the Instrument and that this insurance will remain in force for as long as the SELLER can assert rights to the Instrument. The BUYER undertakes to indemnify the SELLER at first notice for the adverse consequences that may result from neglect of this guarantee for the SELLER due to claims from third parties.
12.4 The BUYER undertakes to use any damage compensation, concerning the Instrument, for repair or replacement of the Instrument.
12.5 BUYER is obliged to report the destruction or loss of the Instrument to the SELLER. SELLER has a lien on the claim that replaces the Instrument. This lien ends if the BUYER provides equivalent replacement security.
12.6 The BUYER is obliged to provide the SELLER with one or more experts to be appointed by them the opportunity to examine the Instrument, without being obliged to admit it to his home or yard.
12.7 THE SELLER is not obliged to any guarantee or indemnity and is not liable for damage caused by or from the delivery or use of the Instrument.
Damage Insurance. GMPC shall take out and keep in force all risks direct damage insurance, to the full replacement value, upon its merchandise, furniture, fixtures, and improvements on the Demised Premises. Goderich shall take out and keep in force all risks direct damage insurance, to the full replacement value of the Demised Premises