Common use of Replacement Locks Clause in Contracts

Replacement Locks. An extension of the theft cover is provided for the replacement of locks or lock mechanisms and keys in respect of doors and windows following the theft of keys; up to a maximum of £10,000 any one claim. This extension will also operate as a result of any accidental loss or where there is reasonable evidence that such keys have been copied by an unauthorised person. Within the UK, cover will also be operative for items temporarily removed from school premises, but in the authorised custody/control of an employee or governor and not exceeding £2,500 in total value. Subject to notification to the Insurance Section, higher limits for items temporarily removed may also be agreed. Any claims made for items stolen from a vehicle, whether locked or unlocked, will be refused. Any money removed from the School premises will not be insured unless this is being transported directly to a bank. All losses in respect of the extensions to cover listed above will be subject to a £50 excess. In the event that part of the claim is insured under the Balance of risks policy then only one excess will be applicable to the claim and the higher excess will apply.