Common use of Personal Property Loss or Damage Clause in Contracts

Personal Property Loss or Damage. During the term of this agreement, a fund of $1,500 shall be established from which individual employees may be reimbursed for approved claims for property loss due to theft, burning, or willful or malicious damage provided such damage or destruction occurs within the school building or designated employee parking area, while the employee is on duty and is connected with the execution of the employee’s assigned responsibilities. Said loss or damage shall not be occasioned by the negligence of the affected employee. Personal property is defined as anything normally worn or carried into the building by the employee, but shall not include cash. $500 will be allocated per year to cover claims. If an unused balance is available at the end of any year, then previous claims that have been denied will be reconsidered. Claims on individual items must have a replacement value of $10 or more to be eligible for reimbursement. Items of over $200 in value, other than clothing, that an employee may wish to bring into the building to be used in the employee’s assigned responsibilities must have building administrative approval to be eligible for reimbursement claims. Items brought into the building that are not described in this article will not be eligible for reimbursement claims. Claims filed due to damage done to personal cars shall be compensated in the following manner: Personal cars must be parked in parking areas designated as employee parking lots and a police report must be filed as soon as knowledge of said damage occurs, to be eligible for coverage. Compensation for auto claims shall be made at 100% of the individual’s deductible fee for personal auto insurance coverage, capped at $250. All claims will be reviewed by a committee whose membership will include XXXX president and business manager. Claims made under a homeowner’s insurance policy will not be eligible for reimbursement.

Personal Property Loss or Damage. ‌ During the term of this agreement, a fund of $1,500 shall be established from which individual employees may be reimbursed for approved claims for property loss due to theft, burning, or willful or malicious damage provided such damage or destruction occurs within the school building or designated employee parking area, while the employee is on duty and is connected with the execution of the employee’s assigned responsibilities. Said loss or damage shall not be occasioned by the negligence of the affected employee. Personal property is defined as anything normally worn or carried into the building by the employee, but shall not include cash. $500 will be allocated per year to cover claims. If an unused balance is available at the end of any year, then previous claims that have been denied will be reconsidered. Claims on individual items must have a replacement value of $10 or more to be eligible for reimbursement. Items of over $200 in value, other than clothing, that an employee may wish to bring into the building to be used in the employee’s assigned responsibilities must have building administrative approval to be eligible for reimbursement claims. Items brought into the building that are not described in this article will not be eligible for reimbursement claims. Claims filed due to damage done to personal cars shall be compensated in the following manner: manner:‌‌ Personal cars must be parked in parking areas designated as employee parking lots and a police report must be filed as soon as knowledge of said damage occurs, to be eligible for coverage. Compensation for auto claims shall be made at 100% of the individual’s deductible fee for personal auto insurance coverage, capped at $250. 250.‌‌ All claims will be reviewed by a committee whose membership will include XXXX president and business manager. Claims made under a homeowner’s insurance policy will not be eligible for reimbursement.