Fire and Theft Clause Samples
The 'Fire and Theft' clause defines the responsibilities and coverage related to losses or damages caused by fire or theft. Typically, this clause specifies what types of property are protected, the conditions under which coverage applies, and any exclusions or limitations, such as requiring prompt notification of incidents or excluding losses due to negligence. Its core function is to allocate risk and provide clarity regarding the parties' obligations and protections in the event of fire or theft, ensuring both sides understand how such incidents are handled under the agreement.
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Fire and Theft. The following extension to the Motor Third Party Liability cover in Section 3A may apply where specifically stated to be covered by the Master Policy/Master Lease Agreement.
4B.1 This Section 4B provides the Policyholder with the following cover for Fire and Theft, if the Vehicle and its Accessories (permanently attached to the vehicle at the time of manufacture) is/are lost or damaged caused by:
4B.2 The Insurer will not pay more than the book value of the Vehicle at the time of the loss. For private vehicles, if the damage occurred within the first year from the date of registration and if the vehicle has driven no more than 20,000 Km and the projected cost of repairs is projected to exceed 50% of the “on the road price” including equipment, the insurer will indemnify the insured for a new vehicle of the same or equivalent make, type and year. If the same or equivalent vehicle replacement is not available, the insurer can indemnify the insured the cost of same. Subject to the application of any excess.
4B.3 If the damage covered under this Section 4B is repaired by a repairer approved by the Insurer, the Policyholder (or Driver) does not need to obtain any estimates and repairs will begin immediately after authorisation by the Insurer.
4B.4 However, if the Policyholder (or Driver) chooses its own repairer to carry out the repairs, the Policyholder (or Driver) must send the Insurer at least two detailed repair estimates as soon as reasonably possible. The Insurer will only be liable to pay those repair costs, if the Insurer has agreed that the repair costs according to the submitted estimates are reasonable and if the Insurer has issued an authorisation to the repairer. The Insurer will have the right to inspect the repair.
4B.5 The Insurer reserves the right to request additional estimates; the Insurer may not pay more than the repair cost the approved repairer would have charged for the equivalent repair.
4B.6 The Insurer is subrogated into the rights over the Vehicle up to and limited to the amount paid under this Section; in the case of total loss, the Insurer will be entitled up to and limited to the amount paid under this Section to the proceeds of the sale of the wreck of the Vehicle or of the recovered Vehicle.
4B.7 The insurer will require an original receipt or an original guarantee certificate. The production number should be stated and the property labelled with a personal ID number or company registration number.
Fire and Theft. 4.1 In case of theft and/or fire to the vehicle (total, partial and/or attempted), the Renter is obliged to report the event to the competent Authorities and to deliver to the Lessor certified copy of the report issued by the Authorities themselves. In this case, the payment of the rental is due until the date of delivery of the copy of this report at the rate agreed at the beginning of the rental or at the official rate if the report is delivered after the stated drop off date. In case of total theft of the vehicle due to malice or gross negligence of the Renter, the latter will be charged for the cost of a full tank of fuel (determined on the basis of current fuel prices at the time of payment) as well as the penalties above indicated. If a theft occurs, the Renter is obliged anyway to return the original keys of the vehicle. Failure to return the keys of the vehicle means a presumption of negligence of the Renter for the purposes of compensation unless the Renter can prove that he is not liable for the occurred event. In case of subscription to the "Car Protection Plus" clause, it is necessary to stick to the here above art.
Fire and Theft. 4.1 In case of theft and/or fire to the vehicle (total, partial and/or attempted), the Renter is obliged to report the event to the competent Authorities and to deliver to the Lessor certified copy of the report issued by the Authorities themselves. In this case, the payment of the rental is due until the date of delivery of the copy of this report at the rate agreed at the beginning of the rental or at the official rate if the report is delivered after the stated drop off date. In case of total theft of the vehicle due to malice or gross negligence of the Renter, the latter will be charged for the cost of a full tank of fuel (determined on the basis of current fuel prices at the time of payment) as well as the penalties
Fire and Theft. The enterprise covers the cost of employee tools lost to fire or theft from the workplace or a company vehicle up to a maximum amount of DKK 4,000.00, provided such tools were kept in a locked room, container or the like. The cost will only be covered if there are visible signs of forced entry and the matter has been reported to the police. The employee will not be indemnified twice if the loss is covered by insurance.
Fire and Theft. 1. The employer shall ensure that there is a lockable space for employees to keep work clothing and/or tools in or adjacent to the property under construction.
2. This space must be covered by an insurance policy against damages for loss – in whole or in part – of work clothing and/or tools due to fire and/or theft.
Fire and Theft. The employer shall provide fire and theft insurance covering tools and equipment owned by employees and used in performance of their duties with the employer. The party of the First Part agrees that the Bargaining Authority of the Second Part shall not be the term of this Collective The Party of the First Part agrees that the only certification that they will recognizeduring the term of this Agreement is of the Party of the Second Part, unless ordered by due process of law to recognize some other bargaining authority. The Board's Policy, conditions of employment and rules and regulations shall not be in conflict with the Collective Agreement.
Fire and Theft. 2.1 Loss or damage cover
2.1.1 fire, lightning or explosion
2.1.2 theft or attempted theft
2.2 Loss or damage limitations and exclusions
2.2.1 any loss or damage to a vehicle which is not the Insured Vehicle and any loss or damage if you do not have cover under this section;
2.2.2 wear and tear, mechanical, electrical, electronic and computer failure, breakdowns or breakages;
2.2.3 compensation for you not being able to use the Insured Vehicle, any delay where we have to get new parts or accessories or they are unavailable, or the value of the Insured Vehicle reducing for any reason;
2.2.4 any other indirect loss;
2.2.5 any extra parts or accessories beyond the amount you have insured the Insured Vehicle for;
2.2.6 loss or damage if you have not taken reasonable care to protect the Insured Vehicle, or if it has been left unlocked or with the keys in it or attached to it;
2.2.7 loss or damage from repossessing the Insured Vehicle and returning it to its rightful owner, or from any agreement or proposed transaction for selling or hiring the Insured Vehicle or someone taking it by fraud, trickery or deception;
2.2.8 loss or damage arising from the Insured Vehicle being taken or driven by a person who is not an Insured Driver but is a member of the policyholder’s family or household, or being taken or driven by an employee or ex-employee;
2.2.9 loss or damage resulting from using the Insured Vehicle or of machinery attached to it, as a tool of trade;
2.2.10 loss or damage caused deliberately by you or any person driving the Insured Vehicle with your permission
2.2.11 malicious damage;
2.2.12 any additional damage resulting from the Insured Vehicle being moved by you after a fire or theft;
2.2.13 any storage charges unless you tell us about them and we agree in writing to pay for them;
2.2.14 tools of trade, personal belongings, documents or goods;
2.2.15 fitted entertainment equipment other than standard as manufactured;
2.2.16 keys, remote control or security devices (whether lost or stolen) other than covered under Section 5;
2.2.17 tapes, cassettes, compact and mini discs; any audio visual, navigation and communication equipment or devices, unless fitted as standard by the vehicle manufacturer;
2.2.18 VAT if you are registered;
2.2.19 the amount of excess of every claim which is shown on your Schedule;
2.2.20 any amount in excess of the following for towing as a result of an accident • vehicles with a Gross Vehicle Weight <3.5 ton €200 • vehicles with a Gro...