INSURANCE OBLIGATIONS OF OCCUPANT AND EVIDENCE OF INSURANCE Sample Clauses

INSURANCE OBLIGATIONS OF OCCUPANT AND EVIDENCE OF INSURANCE. Occupant will, and Owner will not, maintain all risk insurance on the contents of the storage unit including but not limited to fire, flood, theft, vandalism, burglary, vermin, mold, mildew, burst pipes, erosion, and extended coverage in amounts at least equal to the value of the contents. If Occupant's property is lost or damaged, Occupant will make a claim only against Occupant's insurer and not against Owner. Any property insurance carried by Owner or by Occupant is for the sole benefit of the party carrying such insurance. Occupant expressly agrees that his/her/its insurance company shall not be subrogated to any claim of Occupant against Owner, Owner's agents or employees for loss or damage to stored property. Each party waives its right to make any claim against the other for loss or damage to property in the events of casualty. Occupant acknowledges that Owner, its agents, authorized representatives, and employees, have made no representations or warranties that the Occupant's property will be safely kept, nor that it will be secure from theft.
AutoNDA by SimpleDocs

Related to INSURANCE OBLIGATIONS OF OCCUPANT AND EVIDENCE OF INSURANCE

  • MAINTENANCE OF INSURANCE COVERAGE Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Maintenance of Insurance The Company shall use commercially reasonable efforts to obtain and maintain in effect during the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement, one or more policies of insurance with reputable insurance companies to provide the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to ensure the Company’s performance of its indemnification obligations under this Agreement. The Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to the most favorably insured of the Company’s directors and officers.

  • Tenant’s Insurance Tenant shall maintain the following coverages in the following amounts.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!