Maximum Replacement Value means the maximum sum total of the Replacement Value for all Property at any time throughout the period of storage.
Maximum Replacement Value means the maximum sum total of the Replacement Value for all Property at any time throughout the period of storage. • “Loss” or “Damage” means identifiable losses, destruction of or damage to Your Goods, wilful acts, omissions and default, including theft by forcible entry or damage caused by Us, its employees, agents or representatives while the Goods are in Your Specified Space. StoreProtect - What do I receive? ✓In return for payment of the StoreProtect Charges, We agree to accept an enhanced liability for Loss or Damage to Your Property and the limit of £100 in the event of negligence shown in the enclosed Conditions of Agreement will not apply. ✓Instead, Our liability for any direct physical Loss or Damage to Your Property following a breach of its Duty of Care will be limited at a higher amount, up to a maximum of (i) the Maximum Replacement Value; or (ii) the actual value of Your Property either affected by Loss or Damage (whichever is less), taking into account any Proportional Reduction, and subject to certain exclusions (see 'Exclusions – what StoreProtect does not provide for'). ✓Our liability will commence from the time Your Property is placed by You into Your Specified Space and ceases immediately upon removal of Your Property from Your Specified Space ✓Our liability to You under StoreProtect for Loss or Damage to Your Property is to be assessed as a sum equivalent to the cost of (a) repair or cleaning or (b) the Replacement Value or (c) compensation, whichever is the smaller sum, at Our option. We accept no liability for depreciation following repair. ✓If You opt for StoreProtect, You are no longer obligated to arrange insurance for Your Property. ✓If you submit a claim, additional claims processing administration charges apply. We will deduct a £50 charge from any settlement awarded to you to cover our administration costs (“Claims Admin Fee”). FO’s Duty of Care under StoreProtect • We are responsible for maintaining the Facility in a secure condition and will provide its services with reasonable skill and care. • We accept a duty of care for stored Goods. For the avoidance of doubt, Our duty of care in relation to the Goods shall be that of a reasonably careful person under like circumstances. We shall not be liable for any Loss or Damage to the Goods, however caused, while the Goods remain in Your Specified Space or under Our care, custody or control, unless such Loss or Damage resulted from Our failure to exercise such care in relation to...
Maximum Replacement Value. A per claim limit applies to each loss to the insured product. Refer to the Maximum Replacement Value Schedule for your claim limit. Maximum Replacement Value Schedule: Claim limit per repair or replacement Group 1 Group 2 Group 3 Maximum Replacement Value $1,500 $1,500 $1,500 Aggregate Limit of Liability: A maximum of two (2) insured product replacements or repairs will be allowed in any one twelve (12) month period based on the date of first replacement or repair. No further replacements or repairs will be provided for the remainder of this period.
Examples of Maximum Replacement Value in a sentence
Maximum Replacement Value £ StoreProtect Charges £ plus VAT per week/ fortnight/ 28 days/calendar month Your Signature ACCEPT StoreProtect ACCEPT Date DECLINE StoreProtect DECLINE CONDITIONS OF AGREEMENT (A COPY IN A LARGER FONT SIZE IS AVAILABLE UPON REQUEST) These are the terms and conditions on which We supply Our services to You, and explain the rights, obligations and responsibilities of all parties.
Maximum Liability We will have no liability under any circumstances for Loss or Damage to Your Property over and above the Maximum Replacement Value, or the actual value of Your Property either lost or damaged if this is less than the Maximum Replacement Value.
More Definitions of Maximum Replacement Value
Maximum Replacement Value means the maximum sum total of the Replacement Value for all Property at any time throughout the period of storage. StoreProtect - What do I receive? ✓ In return for payment of the StoreProtect Charges, Stashed Away agrees to accept a higher limit of liability for Loss or Damage to Your Property and the limit of £100 shown in the enclosed Conditions of Agreement will not apply. ✓ Instead, Stashed Away’s liability for any direct physical Loss or Damage to Your Property following a breach of its duty of care will be limited at a higher amount, up to a maximum of (i) the Maximum Replacement Value; or (ii) the actual value of Your Property either affected by Loss or Damage (whichever is less), taking into account any Proportional Reduction, and subject to certain exclusions (see 'Exclusions – what StoreProtect does not provide for'). ✓ Stashed Away’s liability will commence from the time Your Property is placed by You into Your storage Unit(s) and ceases immediately upon removal of Your Property from Your storage Unit(s). ✓ Stashed Away’s liability to You under StoreProtect for Loss or Damage to Your Property is to be assessed as a sum equivalent to the cost of (a) repair or cleaning or (b) the Replacement Value or (c) compensation, whichever is the smaller sum, at Stashed Away’s option. Stashed Away accepts no liability for depreciation following repair. ✓ If You opt for StoreProtect, You are no longer obligated to arrange insurance for Your Property. Your Responsibility It is Your responsibility to: • provide a Maximum Replacement Value on the Customer Declaration; • pay the additional charges set out for StoreProtect ("StoreProtect Charges"); and • ensure that the Maximum Replacement Value is accurate at all times for the duration of this Agreement. Proportional Reduction If the Maximum Replacement Value You provide is less than the actual total Replacement Value of all of Your Property stored in your Unit at the time of Loss or Damage, then Stashed Away’s liability will be reduced to reflect the proportion that Your Maximum Replacement Value bears to the actual total Replacement Value ("Proportional Reduction"). • (For example: if the total replacement value of Your Property is £10,000, but You have declared a Maximum Replacement Value of £5,000,Stashed Away’s liability will be reduced by 50%. So, if £3,000 worth of Your Property is lost or damaged, Stashed Away’s liability would be £1,500.) General Exclusions and Limitations • Stashed Away excludes and li...
Maximum Replacement Value means the maximum sum total of the Replacement Values for Your Property at all times for the duration of this Agreement including where Our Quotation includes removal and/or storage of Your Property on multiple occasions or where You add or remove Your Property from storage.