Common use of Security and Insurance Clause in Contracts

Security and Insurance. A. Agent is not responsible for loss or damage to personal property or person. Seller agrees (i) to take reasonable precautions to safeguard and protect valuables that might be accessible during showings of the Watercraft; and (ii) to obtain reasonable insurance to protect against these risks. Agent does not maintain insurance to protect Seller. B. Seller agrees to maintain insurance on the Watercraft for the duration of this agreement to reasonably protect against damage, loss, or injury caused by the use of the Watercraft by Seller or Agent for any purpose, including purposes related to the showing and sale of the Watercraft. Agent is not liable for any damage, loss, or injury sustained during use of the Watercraft by any person.