Common use of Insurance Coverage Required Clause in Contracts

Insurance Coverage Required. The amount of rent we charge you takes into consideration that you agree to purchase and bear the costs for insurance as described in this provision. You must purchase insurance coverage during the Lease Term on your personal property such as furniture, electronics, jewelry, and personal belongings. You must purchase insurance coverage during the Lease Term for your personal liability. Your insurance must also indemnify and hold us and our Agent harmless from any claims or lawsuits against us or our Agent for your negligent actions or inaction. You bear the burden of choosing adequate insurance coverage to financially protect you and to comply with this provision. We do not verify during the Lease Term your compliance with this obligation. Any insurance coverage we carry on the Leased Property does not cover your personal property or liability.

Insurance Coverage Required. The amount of rent we charge you takes into consideration that you agree to purchase and bear the costs for insurance as described in this provision. You must purchase insurance coverage during the Lease Term on your personal property such as furniture, electronics, jewelry, and personal belongings. You must purchase insurance coverage during the Lease Term for your personal liability. Your insurance must also indemnify and hold us and our Agent harmless from any claims or lawsuits against us or our Agent for your negligent actions or inaction. You bear the burden of choosing adequate insurance coverage to financially protect you and to comply with this provision. We do not verify during the Lease Term your compliance with this obligation. Any insurance coverage we carry on the Leased Property does not cover your personal property or your personal liability.