Common use of NATURE AND SCOPE OF COVER Clause in Contracts

NATURE AND SCOPE OF COVER. The occupant renter’s Civil Liability The cover is granted exclusively: - if the occupant renter is a resident of European zone - if the duration of the rental agreement does not exceed 90 days This cover applies exclusively if the insured does not benefit from civil liability cover through another valid insurance contract on the day of occurrence of the detrimental event that is likely to incur financial consequences. Rental liability What is covered: Financial consequences of civil liability that the renter may incur in respect of the owner for - Property damage caused to the Rental Property as well as personal injury to third parties, as a result of a Fire, Explosion or water damage which originated in the Rental Property occupied by the Insured. - Property damage caused to neighbours and Third parties following a Fire, Explosion or water damage, which originated in the Rental Property occupied by the Insured and which the Owner is required to compensate. - Intangible damages caused to the owner, loss of rent and deprivation of use due to covered property damage. Civil liability resulting from damage to entrusted moveable property What is covered: The financial consequences of civil liability for the Insured as renter or occupant, as a result of property damage caused to entrusted moveable property found inside the Rental property and belonging to the owner of the Rental property. This cover applies exclusively if the insured does not benefit from civil liability cover through another valid insurance contract on the day of occurrence of the detrimental event that is likely to incur financial consequences.