Common use of Insurance Obligation Clause in Contracts

Insurance Obligation. TENANT UNDERSTANDS AND AGREES THAT, UNLESS TENANT PARTICIPATES IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, ALL PROPERTY STORED WITHIN OR ON THE SPACE BY TENANT OR LOCATED AT THE FACILITY SHALL BE AT TENANTS SOLE RISK. UNLESS TENANT PARTICIPATES IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, LESSOR SHALL HAVE NO LIABILITY OF ANY KIND FOR ANY LOSS WHATSOEVER THAT TENANT MAY HAVE OR CLAIM BY RENTING THE STORAGE SPACE OR BEING ON OR ABOUT THE FACILITY, AND, THEREFORE, TENANT MUST OBTAIN ANY INSURANCE DESIRED AT HIS/HER OWN EXPENSE. LESSOR IS REQUIRING THAT TENANT EITHER PARTICIPATE IN LESSOR'S STORESAFE PREMIUM LEASE PROGRAM OR THAT TENANT SECURE HIS/HER OWN INSURANCE TO PROTECT HIMSELF/HERSELF AND HIS/HER PROPERTY AGAINST ALL PERILS OF WHATSOEVER NATURE. EXCEPT AS IS EXPRESSLY STATED TO THE CONTRARY IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, AND TO THE EXTENT TENANT PARTICIPATES IN SUCH STORESAFE PREMIUM LEASE PROGRAM, LESSOR SHALL NOT BE LIABLE TO TENANT OR TENANTS INVITEES, FAMILY, EMPLOYEES, AGENTS, OR SERVANTS FOR ANY PERSONAL INJURIES OR PROPERTY DAMAGE, OR LOSS FROM THEFT, VANDALISM, FIRE, SMOKE, WATER, HURRICANE, RAIN, TORNADO, EXPLOSION, ACTS OF GOD, OR ANY OTHER CAUSE WHATSOEVER. TENANT ACKNOWLEDGES THAT TENANT MUST TAKE WHATEVER STEPS HE/SHE DEEMS NECESSARY TO SAFEGUARD PROPERTY THAT IS AT THE FACILITY OR IN OR ON THE SPACE. TENANT MUST PROVIDE HIS/HER OWN LOCK AND KEY AND ASSUMES FULL RESPONSIBILITY FOR WHOMEVER HAS POSSESSION OF THE KEYS AND ACCESS TO THE SPACE. LESSOR SHALL NOT BE LIABLE FOR LOSS OR DAMAGE RESULTING FROM FAILURE, INTERRUPTION OR MALFUNCTION OF THE UTILITIES, APPLIANCES, OR FIXTURES, IF ANY, PROVIDED TO TENANT UNDER THE TERMS OF THIS RENTAL AGREEMENT.

Insurance Obligation. TENANT UNDERSTANDS AND AGREES THAT, UNLESS TENANT PARTICIPATES IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, ALL PROPERTY STORED WITHIN OR ON THE SPACE BY TENANT OR LOCATED AT THE FACILITY SHALL BE AT TENANTS SOLE RISK. UNLESS TENANT PARTICIPATES IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, LESSOR SHALL HAVE NO LIABILITY OF ANY KIND FOR ANY LOSS WHATSOEVER THAT TENANT MAY HAVE OR CLAIM BY RENTING THE STORAGE SPACE OR BEING ON OR ABOUT THE FACILITY, AND, THEREFORE, TENANT MUST OBTAIN ANY INSURANCE DESIRED AT HIS/HER OWN EXPENSE. LESSOR IS REQUIRING THAT TENANT EITHER PARTICIPATE IN LESSOR'S STORESAFE PREMIUM LEASE PROGRAM OR THAT TENANT SECURE HIS/HER OWN INSURANCE TO PROTECT HIMSELF/HERSELF AND HIS/HER PROPERTY AGAINST ALL PERILS PERMS OF WHATSOEVER NATURE. EXCEPT AS IS EXPRESSLY STATED TO THE CONTRARY IN THE LESSOR'S STORESAFE PREMIUM LEASE PROGRAM, AND TO THE EXTENT TENANT PARTICIPATES IN SUCH STORESAFE PREMIUM LEASE PROGRAM, LESSOR SHALL NOT BE LIABLE TO TENANT OR TENANTS TENANT'S INVITEES, FAMILY, EMPLOYEES, AGENTS, OR SERVANTS FOR ANY PERSONAL INJURIES OR PROPERTY DAMAGE, OR LOSS FROM THEFT, VANDALISM, . FIRE, SMOKE, WATER, HURRICANE, RAIN, TORNADO, EXPLOSION, ACTS OF GOD, OR ANY OTHER CAUSE WHATSOEVER. TENANT ACKNOWLEDGES THAT TENANT MUST TAKE WHATEVER STEPS HE/SHE DEEMS NECESSARY TO SAFEGUARD PROPERTY THAT IS AT THE FACILITY OR IN OR ON THE SPACE. TENANT MUST PROVIDE HIS/HER OWN LOCK AND KEY AND ASSUMES FULL RESPONSIBILITY FOR WHOMEVER HAS POSSESSION OF THE KEYS AND ACCESS TO THE SPACE. LESSOR SHALL NOT BE LIABLE FOR LOSS OR DAMAGE RESULTING FROM FAILURE, INTERRUPTION OR MALFUNCTION OF THE UTILITIES, APPLIANCES, OR FIXTURES, IF ANY, PROVIDED TO TENANT UNDER THE TERMS OF THIS RENTAL AGREEMENT.