Common use of Renters Clause in Contracts

Renters. The University is not responsible for damage, destruction, loss, or theft of the Licensee’s personal property that is or was located on the Premises at any time, including periods when the Licensee is not in occupancy or after the Agreement period has expired. The Licensee bears sole responsibility and discretion as to the securing, protecting, and insuring against damage of their personal property. The Licensee acknowledges that the University has no insurance to cover the personal or property damage of Licensee, so during the period covered by this Agreement; the University highly recommends that Licensee, at their expense, obtain and maintain throughout the term of the Agreement a policy of insurance, such as a renter's policy, from a recognized insurance firm, covering Licensee's liability and personal property damage.