Common use of Insurance and Risk of Loss Clause in Contracts

Insurance and Risk of Loss. Insurance - OxygenToGo® does not insure the equipment during the period it is rented to the customer. The customer may elect to obtain, at higher expense, insurance covering the Equipment during the term of the rental. Optional Insurance coverage excludes loss due to shipping error or loss due to confiscation of Equipment by foreign government officials or by acts of terrorism. OxygenToGo® reserves the right to refuse insurance coverage in the event the equipment would be transported to a “high risk” area. An example of a “high risk” area would be transporting Equipment to Cuba.