Mysterious Losses Sample Clauses

Mysterious Losses. The TPP Plan will not pay for any losses resulting from unknown or mysterious causes. 5. The TPP Plan Will Not Pay for Damage to Tenant’s Stored Property Caused by any of the following: Flood, surface water, underground water, or water that backs up through or overflows from a sewer, drain or sump; general accidental discharge of substances from within plumbing, heating, air conditioning, or fire protection systems; rodent damage in excess of $500; however rodent coverage is null and void if perishables are stored within the unit; mold, mildew, or wet or dry rot; terrorist attack, war or military action, civil commotion, rebellion, loss due to an act of civil authority, pollution or smoke (off-premises smoke), electromagnetic disruption, computer virus or processes, pressure waves, aircraft/aerial devices; earthquake or volcanic eruption; nuclear reaction, radiation or radioactive, biological or chemical contamination; loss or damage occurring during loading and/or unloading and/or not contained within the storage unit at the time of the loss. A Catastrophic loss is defined as ten (10) or more units that sustain loss or damage within a single event. If a Catastrophic loss occurs, the TPP Plan payout responsibility is reduced up to fifty percent (50%) of the total protection plan limit selected in the Tenant Responsibility Addendum.

Mysterious Losses. Operator will not pay for any losses resulting from unknown or mysterious causes. In the event of theft, the Customer must file a report of the theft with the police or other law enforcement agency with jurisdiction to investigate and record crime at the insured location. A copy of the report must be provided to the Operator and there must be evidence of a break-in. The Operator Will Not Pay for Damage to Customer’s Stored Property Caused by any of the following: flood, surface water, underground water, or water that backs up through or overflows from a sewer, drain or sump; moths, insects, rodents or vermin in excess of $500; mold, mildew, or wet or dry rot; terrorist attack, war or military action; earthquake or volcanic eruption; including leakage from sprinkler systems which are damaged by an earthquake or volcanic eruption; nuclear reaction, radiation or radioactive, biological or chemical contamination. The Amount Operator Will Pay if there is a Loss: For any single Operator’s Liability Event, Operator will pay the lesser of the actual amount you reasonably pay to repair damaged item(s) or to replace lost or damaged items with property of similar quality. In no event will Operator pay more than the limit stated in paragraph 2. Failure to Pay Rent: If rent is not received within 7 days of the due date, Customer’s participation in the Protection Agreement shall terminate and Operator shall not be liable for loss of or damage to Customer’s stored property from any cause whatsoever. At Operator’s sole discretion, ▇▇▇▇▇▇▇▇’s participation in the Protection Agreement may be reinstated upon payment of all rent and other charges due and owing. Participation Termination: Customer may cancel participation in this plan upon ten (10) days written notice to Operator. Operator may cancel this plan upon thirty (30) days written notice to Customer. The Rental Agreement: All terms and conditions of the Rental Agreement not specifically modified by this addendum are in effect and binding on both Operator and Customer and are incorporated by reference herein. Please indicate if you wish to participate in the On Track Storage Protection Agreement by initialing on the corresponding line: _______ (initial) I agree to participate in the On Track Storage Protection Agreement. _______ (initial) I do not wish to participate in the On Track Storage Protection Agreement.