Common use of Valuable Document Insurance Clause in Contracts

Valuable Document Insurance. The CONSULTANT shall carry adequate insurance on all reports, drawings, specifications, record drawings and/or other documents as may be required to protect the DISTRICT in the amount of its full equity in those reports, drawings, specifications, record drawings and/or other documents, and shall file with the DISTRICT a certificate of that insurance. The cost of that insurance shall be paid by the CONSULTANT, and the DISTRICT shall be named as an additional insured. Depending on the nature of Consultant Services contemplated in this AGREEMENT, the DISTRICT may at its discretion waive and or modify this section for Valuable Document Insurance requirement.