Common use of Insurance and Security Type Systems Clause in Contracts

Insurance and Security Type Systems. Renter agrees, at Renter’s sole expense, to maintain insurance on all Personal Property stored in the Rented Space with actual cash value coverage against all perils, fire, extended coverage endorsement, burglary, vandalism and malicious mischief. Renter’s failure to maintain such insurance shall mean that Renter shall assume all risk of loss or damage that would have been covered by insurance. Information about insurance written specifically for self-storage is available from licensed insurance agent in the State of Indiana. Owner employs certain measures to protect Owner’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 aforementioned liability for any type of loss incurred by Renter and shall in no way release Renter from his/her obligation of insuring his/her Personal Property. These Security Type Systems may include video cameras, gates, gate codes, and lighting. Renter acknowledges that these Security Type Systems are for the protection of the Facility as a whole and not the individual Rented 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 Renter when using the Rented Space.