Valuable Paper Insurance Clause Samples
Valuable Paper Insurance is a clause that provides coverage for the loss or destruction of important documents, manuscripts, records, or other valuable papers. This insurance typically reimburses the policyholder for the cost of reconstructing or replacing such documents if they are damaged by covered perils like fire, theft, or water damage. By offering financial protection for the restoration or reproduction of critical paperwork, this clause helps businesses and individuals mitigate the risks associated with the loss of irreplaceable or hard-to-replace documents, ensuring continuity and reducing potential operational disruptions.
Valuable Paper Insurance. The Engineer shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the total compensation listed in the Compensation Paragraph of this Contract to guarantee the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer or electronic files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to the City and its participating trusts upon the completion, expiration, cancellation or termination of this Contract. The provision of valuable paper insurance shall not relieve the Engineer of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at Engineer’s sole cost and expense. The City and its participating trusts are to be named as loss payees.
Valuable Paper Insurance. Prior to beginning work, the CONSULTANT will obtain and furnish current copies of certificates to the TRUST for valuable paper insurance in an amount sufficient to assure the restoration, in the event of their loss or destruction, of any field notes, tracings, or plans obtained or prepared as a part of this CONTRACT and/or any field notes, tracings or plans and reports furnished by the TRUST for use in analyzing data for preparation of plans for this CONTRACT, and to furnish and/or the return of same to the TRUST upon completion and acceptance of the plans and specifications. This insurance shall be maintained in full force and effect during the life of this CONTRACT.
Valuable Paper Insurance. The Engineer shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the total compensation listed in the Compensation Paragraph of this Contract to guarantee the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to the City and its participating trusts upon the completion, expiration, cancellation or termination of this Contract. The provision of valuable paper insurance shall not relieve the Engineer of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at Engineer’s sole cost and expense. The City and its participating trusts are to be named as loss payees.
Valuable Paper Insurance. The Engineer shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the Engineer’s total fee to assure the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and the delivery of said documents to the City upon the completion, expiration, cancellation or termination of this Contract. The City shall be named as loss payee for its interest only.
Valuable Paper Insurance. The Architect shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the total compensation listed in the Compensation Paragraph of this Contract to guarantee the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to City, the Trust, and the School District upon the completion, expiration, cancellation or termination of this Contract. The provision of valuable paper insurance shall not relieve the Architect of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at Architect’s sole cost and expense. The City, the Trust, and the School District are to be named as loss payees.
Valuable Paper Insurance. The CONSULTANT shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the consulting fee listed in Article 5, Paragraph A, of this Contract to guarantee the restoration, in the event of the loss or destruction, of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to the TRUST upon the completion, expiration, cancellation, or termination of this Contract. The provision of valuable paper insurance shall not relieve the CONSULTANT of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at CONSULTANT’s sole cost and expense. The TRUST and the CITY are to be named as loss payees.
Valuable Paper Insurance. The Engineer shall provide and maintain valuable paper insurance in an amount not less than one million dollars ($1,000,000) to guarantee the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to the City and its participating trusts upon the completion, expiration, cancellation or termination of this Contract. The provision of valuable paper insurance shall not relieve the Engineer of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at Engineer’s sole cost and expense. The City and its participating trusts are to be named as loss payees.
Valuable Paper Insurance. The [Architect or Engineer] shall provide and maintain valuable paper insurance in an amount not less than fifty percent (50%) of the total compensation listed in the Compensation Paragraph of this Contract to guarantee the restoration in the event of the loss or destruction of any field notes, drawings, documents, summaries, estimates, reports, specifications, data, as-built drawings, renderings, calculations, tracings, computer files, models or plans (collectively referred to as “documents” in this subparagraph) obtained or prepared as a part of this Contract and to guarantee the delivery of said documents to the City and its participating trusts upon the completion, expiration, cancellation or termination of this Contract. The provision of valuable paper insurance shall not relieve the [Architect or Engineer] of the responsibility of replacing or restoring any and all documents destroyed or lost prior to delivery at [Architect or Engineer]’s sole cost and expense. The City and its participating trusts are to be named as loss payees.