Common use of INSURANCE AND INSURANCE CERTIFICATE Clause in Contracts

INSURANCE AND INSURANCE CERTIFICATE. The Customer shall insure the equipment for its full replacement value under an ALL RISKS POLICY INCLUDING AUTO COVERAGE. A copy of the insurance certificate shall be provided to Inter Video prior to the commencement of the Rental. The sole beneficiary of the insurance will be stated on the certificate as Inter Video X.X. Xxx 00000 Xxxxxxx XX 00000. Inter Video will be named as an additionally insured loss payee. Failure of your insurance company to honor a claim in no way negates the obligation of the Customer to compensate Inter Video for the full replacement value of the equipment and all verifiable loss of rental income from the equipment until it has been replaced or paid for. The minimum term of the Customer’s Insurance shall be for the period of the Rental plus an additional month.

Appears in 1 contract

Samples: Rental Agreement

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INSURANCE AND INSURANCE CERTIFICATE. The Customer shall insure the equipment for its full replacement value under an ALL RISKS POLICY INCLUDING AUTO COVERAGE. A copy of the insurance certificate shall be provided to Inter Video prior to the commencement of the Rental. The sole beneficiary of the insurance will be stated on the certificate as Inter Video X.X. Xxx 00000 Xxxxxxx XX 00000. Inter Video will be named as an additionally insured loss payee. Failure of your insurance company to honor a claim in no way negates the obligation of the Customer to compensate Inter Video for the full replacement value of the equipment and all verifiable loss of rental income from the equipment until it has been replaced or paid for. The minimum term of the Customer’s Insurance shall be for the period of the Rental plus an additional month.

Appears in 1 contract

Samples: Rental Agreement

INSURANCE AND INSURANCE CERTIFICATE. The Customer shall insure the equipment for its full replacement value under an ALL RISKS POLICY INCLUDING AUTO COVERAGE. A copy of the insurance certificate shall be provided to Inter Video prior to the commencement of the Rental. The sole beneficiary of the insurance will be stated on the certificate as Inter Video X.X. Xxx 00000 0000 X. Xxxxxxx XX 00000. St. Burbank, CA 91504.” Inter Video will be named as an additionally insured loss payee. Failure of your the insurance company to honor a claim in no way negates changes the obligation of the Customer to compensate Inter Video for the full new replacement value of the equipment and all verifiable loss of rental income from rent of the equipment until it has been is replaced or paid for. The minimum paid up term of the Customer’s Insurance shall must be for the initial period of the Rental plus an additional one-month.

Appears in 1 contract

Samples: Equipment Rental Agreement

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INSURANCE AND INSURANCE CERTIFICATE. The Customer shall insure the equipment for its full replacement value under an ALL RISKS POLICY INCLUDING AUTO COVERAGE. A copy of the insurance certificate shall be provided to Inter Video prior to the commencement of the Rental. The sole beneficiary of the insurance will be stated on the certificate as Inter Video X.X. Xxx 00000 0000 X. Xxxxxxx XX 00000St. Burbank, CA 91504. Inter Video will be named as an additionally insured loss payee. Failure of your insurance company to honor a claim in no way negates the obligation of the Customer to compensate Inter Video for the full replacement value of the equipment and all verifiable loss of rental income from the equipment until it has been replaced or paid for. The minimum term of the Customer’s Insurance shall be for the period of the Rental plus an additional month.

Appears in 1 contract

Samples: Rental Agreement

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