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 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. 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.