Common use of Insurance and Risk Clause in Contracts

Insurance and Risk. (a) The Company will offer the Hirer the option to take out insurance for the loss of the contents of the Box. (b) If the Hirer does not take up the option to arrange insurance of the contents of the Box, it will be the Hirer’s responsibility to insure the contents of the Box against all possible risk with some other company chosen by the Hirer. (c) The Company will use ordinary diligence in the custody of the Box but will not be liable for losses suffered by the Hirer in the event of war, invasion, hostilities, acts of foreign enemies, civil war, rebellion, insurrection or government confiscation, nuclear reaction, seepage of any kind, pollution and/or contamination, aridity, humidity, exposure to light or consequential loss of any kind.