Common use of Insurance and Limitation of Liability Clause in Contracts

Insurance and Limitation of Liability. The Parties have the right (but not duty) to insure their property and/or liability. The Tenant must observe the rules established by insurer and provided to him by the Landlord from the day they are presented to the Tenant. The Landlord will cover exclusively direct losses of the Tenant caused through his direct fault, however without exceeding the maximum value of property that can be stored by the Tenant, as established in the Agreement. The Landlord is not held responsible for any disruptions in supply of electricity, water, provision of public utilities and other services. The Tenant assumes the risk of any accidental or any other loss or damage of his property, will ensure protection of the Premises and any property stored in them at his own expenses, while the Landlord even if any additional security means (armoured doors, security and/or fire alarms) does not guarantee protection of any property stored in the Premises and bears no liability for any damage caused to the Tenant's property.