Common use of Insurance and Security Type Systems Clause in Contracts

Insurance and Security Type Systems. Occupant agrees, at Occupant's sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism and malicious mischief. Occupant's failure to maintain such insurance shall mean that Occupant shall assume all risk of loss or damage that would have been covered by insurance. Occupant is required to provide proof of insurance at the time of the signing of the Rental Agreement or Owner shall enroll Occupant in an insurance policy offered by Owner, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with Rent. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage which occurs. Higher coverage levels are available for purchase upon request. Owner employs certain measures to protect Owner's Personal Property referred to as Security Type Systems. The operation or failure of any type of Security Type System installed by Owner shall not change Owner 's aforementioned liability for any type of loss incurred by Occupant and shall in no way release Occupant from Occupant's obligation of insuring Occupant's Personal Property. These Security Type Systems may include video cameras, gates, gate codes, and lighting. Occupant acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitored. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems should not be relied on to provide additional security for the Personal Property or the Occupant when using the Leased Space. initials

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, media.st-prd-1.aws.storagetreasures.com

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Insurance and Security Type Systems. Occupant agrees, at Occupant's ’s sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism without exception. Self storage insurance is strongly recommended for Occupant’s Personal Property. The only insurance that covers the Personal Property stored in the Space is that purchased by Occupant. Information about insurance written especially for Stuf Storage is available from Owner’s office and malicious mischiefcan be paid with Rent. Occupant's ’s failure to provide or maintain such insurance shall mean that Occupant shall assume all risk of loss or damage that would have been covered by insurance. Occupant is required to provide proof of insurance at the time of the signing of the Rental Agreement or Owner shall enroll Occupant in an insurance policy offered by Owner, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with Rent. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage to Personal Property while stored in the Storage Space or at the Facility. Owner does not carry any insurance which occurs. Higher coverage levels are available for purchase upon requestwould protect Occupant’s Personal Property from loss or damage. Owner employs certain measures to protect Owner's Personal Property ’s Facility referred to as Security Type Systems. .” The operation or failure of any type of Security Type System installed by Owner shall not change Owner 's Owner’s aforementioned liability for any type of loss incurred by Occupant and shall in no way release Occupant from Occupant's ’s obligation of insuring Occupant's ’s Personal Property. These Security Type Systems may include video cameras, gatesdoor codes, gate codesmotion sensors, and lighting. These features vary by Facility. Occupant is encouraged to ask the Facility manager online when renting which features are available at the Facility where Occupant is renting. Occupant acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Storage Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitoredtimes. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems door alarms should not be relied on to provide additional security for the Personal Property or the Occupant Occupant, Occupant’s invitees, or guests, when using the Leased Space. initialsStorage Space or Facility.

Appears in 1 contract

Samples: Monthly Rental Agreement

Insurance and Security Type Systems. Occupant Lessee agrees, at Occupant's Xxxxxx’s sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism vandalism, and malicious mischief. Occupant's Lessee shall provide Operator with proof of a policy meeting these criteria or Lessee shall be enrolled in an insurance plan selected by Operator at the Two Thousand Dollar ($2,000) level of coverage and the premium shall be paid with Rent. Higher level monthly limits of insurance offered by Operator are available upon request. Lessee may terminate the policy sold through the Facility by obtaining a policy meeting the Operator’s requirements and providing a copy to Operator. Lessee has the right to opt-out or cancel the Personal Property Insurance at any time upon the delivery of proof of other sufficient insurance on the Personal Property. However, after the Initial Term the opt-out will apply at the end of each Term. Lessee’s failure to provide or maintain such insurance shall represent an event of Default and is grounds for immediate termination of the Lessee’s right of tenancy and further shall mean that Occupant Lessee shall assume all risk of loss or damage that to Personal Property while stored in the Leased Space. Operator does not carry any insurance which would have been covered by insurance. Occupant is required protect Xxxxxx’s Personal Property from loss or damage, even if Operator failed to provide proof of insurance at the time of the signing of the Rental Agreement or Owner shall enroll Occupant Lessee in an insurance policy offered by Owner, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with Rent. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance a contents policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage which occurs. Higher coverage levels are available for purchase upon request. Owner Operator employs certain measures to protect Owner's Operator’s Personal Property referred to as Security Type Systems. .” The operation or failure of any type of Security Type System installed by Owner Operator shall not change Owner 's Operator’s aforementioned liability for any type of loss incurred by Occupant Lessee and shall in no way release Occupant Lessee from Occupant's Lessee’s obligation of insuring Occupant's Lessee’s Personal Property. These Security Type Systems may include video cameraslighting, gatescoded access gate, gate codesfences, perimeter fence alarm, and lightingcameras. Occupant Xxxxxx acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitoredtimes. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems should not be relied on to provide additional security for the Personal Property or the Occupant Lessee when using the Leased Space. initials.

Appears in 1 contract

Samples: Rental Agreement

Insurance and Security Type Systems. Occupant agrees, at Occupant's sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism and malicious mischief. Occupant's failure to maintain such insurance shall mean that Occupant shall assume all risk of loss or damage that would have been covered by insurance. Occupant is required to provide proof of insurance at the time of the signing of the Rental Agreement or Owner Operator shall enroll Occupant in an insurance policy offered by OwnerOperator, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with Rent. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage which occurs. Higher coverage levels are available for purchase upon request. Owner Operator employs certain measures to protect OwnerOperator's Personal Property referred to as Security Type Systems. The operation or failure of any type of Security Type System installed by Owner Operator shall not change Owner Operator's aforementioned liability for any type of loss incurred by Occupant and shall in no way release Occupant from Occupant's obligation of insuring Occupant's Personal Property. These Security Type Systems may include video cameras, gates, gate codes, and lighting. Occupant acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitored. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems should not be relied on to provide additional security for the Personal Property or the Occupant when using the Leased Space. initials

Appears in 1 contract

Samples: media.st-prd-1.aws.storagetreasures.com

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Insurance and Security Type Systems. Occupant agrees, at Occupant's sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism and malicious mischief. Occupant's failure to maintain such insurance shall mean that Occupant shall assume all risk of loss or damage that would have been covered by insurance. Occupant is required to provide proof of insurance at the time of the signing of the Rental Agreement or Owner Operator shall enroll Occupant in an insurance policy offered by OwnerOperator, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with Rent. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage which occurs. Higher coverage levels are available for purchase upon request. Owner Operator employs certain measures to protect OwnerOperator's Personal Property referred to as Security Type Systems. The operation or failure of any type of Security Type System installed by Owner Operator shall not change Owner Operator's aforementioned liability for any type of loss incurred by Occupant and shall in no way release Occupant from OccupantOccupant 's obligation of insuring OccupantOccupant 's Personal Property. These Security Type Systems may include video cameras, gates, gate codes, and lighting. Occupant acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitored. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems should not be relied on to provide additional security for the Personal Property or the Occupant when using the Leased Space. initials

Appears in 1 contract

Samples: media.st-prd-1.aws.storagetreasures.com

Insurance and Security Type Systems. Occupant agrees, at Occupant's Occupant sole expense, to maintain insurance on all Personal Property stored in the Leased Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism and malicious mischief. Occupant's failure to maintain such insurance shall mean that Occupant Occupant shall assume all risk of loss or damage that would have been covered by insurance. Occupant Information about insurance written specifically for self-storage is required to provide proof available from licensed insurance agent in the State of insurance at the time of the signing of the Rental Agreement or Owner shall enroll Occupant in an insurance policy offered by Owner, at the Three Thousand Dollar ($3,000.00) level of coverage, which premium for insurance shall be paid with RentKentucky. Occupant is advised to review the Terms, Conditions and Exclusions of the insurance policy. Occupant's failure to maintain such insurance shall also mean that Occupant shall assume all risk of loss or damage which occurs. Higher coverage levels are available for purchase upon request. Owner Operator employs certain measures to protect Owner's Personal Property referred to as Security Type Systems. The operation or failure of any Operator type of Security Type System installed by Owner Operator shall not change Owner 's aforementioned liability for any type of loss incurred by Operator Occupant and shall in no way release Occupant from Occupant's his/her obligation of insuring Occupant's his/her Personal Property. These Security Type Systems may include video cameras, gates, gate codes, and lighting. Occupant acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Leased Space. Video cameras, if any, may not be recorded or may not be recorded at all time and alarms are not monitored. These Security Type Systems may not operate properly in the event of a mechanical, electrical, or software failure. Cameras and other systems should not be relied on to provide additional security for the Personal Property or the Occupant when using the Leased Space. initialsAccess: Occupant the Leased Space and the Facility may be limited as reasonably deemed necessary by Operator, including, but not limited to, requiring identification from Occupant, limiting hours of operation, or requiring Occupant to sign-in and sign-out upon entering and leaving the Facility, including the temporary closure of portions or all of the Facility for adverse weather conditions, emergencies, catastrophes, power outages, evacuation orders, or repairs and maintenance. These denials of access shall not represent an Event of Default by Operator or the Facility. Operator may change the times and methods of access to the Facility with thirty (30) days written notice posted at the entry of the Facility or the Facility Principal Office, or Operator website, or mailed to Occupant. In the event of an emergency or catastrophe at or around the Facility, Operator may require Occupant enter only when escorted by Operator or Operator may deny access to the Leased Space and Facility. Operator shall not be liable for Occupant inability to enter the Facility or Leased Space as a result of any power outage, hardware or software failure, or errors in use of any access control system by Occupant.

Appears in 1 contract

Samples: Monthly Rental Agreement

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