RESIDENT LIABILITY INSURANCE Sample Clauses

RESIDENT LIABILITY INSURANCE. Tenant agrees to indemnify and hold harmless Broker and its Associates from any and all liability for actions/inactions of Tenant which cause damage or injury to the Premises, or any party or person, and expressly agrees that Broker shall not be liable for ANY damages or losses to person or property caused by any Tenant or any other person; or damages resulting from actions/inactions of Broker or its agents, broker, employees, directors, officers, affiliates, representatives and consultants ("Associates") unless such injury or damage is determined by a Court of law to have been caused 100% by the gross negligence and willful misconduct of Broker and Associates. DURING THE TERM OF THIS AGREEMENT, TENANT IS REQUIRED TO SECURE AND MAINTAIN A LIABILITY INSURANCE POLICY, IN AN AMOUNT OF NOT LESS THAN $100,000.00 ("MINIMUM REQUIRED INSURANCE" or "MRI"), AND BROKER MUST BE NAMED AS AN ADDITIONAL INSURED AND INTERESTED PARTY ON THIS POLICY. Tenant agrees and acknowledges that the insurance mandated herein is not a renter's insurance policy and does not cover any of Tenant's personal belongings, additional living expenses, or liability arising out of bodily injury or property damage to any third party. If Tenant fails to provide Broker with evidence of MRI, the MRI required by this Agreement may be satisfied by Broker scheduling the Premises for coverage under the Resident Liability insurance policy ("RL"), at a cost to the Tenant of $12.95 PER month. THIS FEE CANNOT BE PRORATED, SO IF IT IN EFFECT FOR AT LEAST ONE DAY PER MONTH, THE FULL MONTHLY AMOUNT IS DUE. A fee of $50.00, plus $4.95 a day shall be paid by Tenant for each day that Tenant occupies the Premises for which Broker is not named as an additional insured on RL policy.
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RESIDENT LIABILITY INSURANCE. Requirement: It is a policy of Xxxxxxx Property Management LLC (“Xxxxxxx”) that Resident, as a condition of residency must carry resident liability insurance with a limit and deductible and in a form acceptable to Xxxxxxx. Liability insurance does not protect you against loss or damage to your personal property or belongings, only Personal Property insurance does this. Resident liability insurance does not provide you with protection from personal injury claims against you. Rather, resident liability insurance primarily protects landlords and other residents from damage to their belongings, including the buildings resulting from resident negligence. Resident liability insurance is not flood insurance. For more information regarding insurance, contact the state Department of Insurance. Auto Enrollment Authorization: Understanding that I must be covered by resident liability insurance during my term of residency, I hereby authorize Xxxxxxx, at its sole discretion, to obtain liability insurance on my behalf if for any reason and at any point in time I cease to be covered by insurance satisfactory to Xxxxxxx or if I fail to provide Xxxxxxx with evidence of coverage satisfactory to Xxxxxxx. In addition, I expressly agree that I will pay the premiums for the insurance that Xxxxxxx may choose to obtain on my behalf under the terms described in the “Payment Services Authorization” section herein.
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RESIDENT LIABILITY INSURANCE. During the Term of this Agreement, Manager shall require Tenant to secure and maintain an insurance and liability insurance policy, in the amount of not less than $100,000.00 (“Minimum Required Insurance” or “MRI”). Owner shall pay Manager a monthly $3.95 monitoring fee and agrees and acknowledges that the insurance mandated herein is not a renter’s insurance policy and does not cover any of Tenant’s personal belongings, additional living expenses, or liability arising out of bodily injury or property damage to any third party. If Tenant fails to provide Manager with evidence of MRI, the MRI required by this Agreement may be satisfied by Manager scheduling the Property for coverage under a Resident Liability insurance policy (“RL”), see Addendum E.
Sample 1
RESIDENT LIABILITY INSURANCE. DURING THE TERM OF THIS AGREEMENT, TENANT IS REQUIRED TO SECURE AND MAINTAIN A LIABILITY INSURANCE POLICY, IN AN AMOUNT OF NOT LESS THAN $100,000.00 (“MINIMUM REQUIRED INSURANCE” or “MRI”), AND MANAGER MUST BE NAMED AS AN ADDITIONAL INSURED AND/OR INTERESTED PARTY ON THIS POLICY. Xxxxxx agrees and acknowledges that the insurance mandated herein is not a renter’s insurance policy and does not cover any of Tenant’s personal belongings, additional living expenses, or liability arising out of bodily injury or property damage to any third party.
Sample 1

Related to RESIDENT LIABILITY INSURANCE

  • Comprehensive Automobile and Truck Liability Insurance covering owned, hired and non-owned vehicles, with a combined bodily injury and property damage limit of $1,000,000.00 per occurrence; or separate limits of $250,000 for bodily injury (per person), $500,000 bodily injury (per accident), and $100,000 for property damage.

  • Business Automobile Liability Insurance Business Automobile Liability Insurance must cover all owned, non-owned and hired vehicles with a minimum combined single limit of $500,000 per occurrence for bodily injury and property damage. The policy shall contain the following endorsements in favor of DIR and/or Customer:

  • Umbrella Liability Insurance Liability on a following form basis with a limit $1,000,000 per occurrence in excess of all primary limits.

  • Vehicle Liability Insurance $___________________ minimum required insurance policy on all owned, hired, and non-owned vehicles of the Subcontractor for combined single limit liability for each accident affecting incurring bodily injury and/or property damage.

  • Automobile Liability Insurance Automobile Liability insurance covering bodily injury and property damage in an amount no less than one million dollars ($1,000,000) combined single limit for each occurrence. Covered vehicles shall include owned, non-owned, and hired automobiles/trucks.

  • Commercial Umbrella Liability Insurance The Contractor shall provide a Commercial Umbrella Liability Insurance to provide excess coverage above the Commercial General Liability, Commercial Business Automobile Liability and the Workers' Compensation and Employers' Liability to satisfy the minimum limits set forth herein. The umbrella coverage shall follow form with the Umbrella limits required as follows: For Contract Amounts Less For Contract Amounts Equal to or Than $5,000,000.00: Greater than $5,000,000: $ 2,000,000 per Occurrence $2,000,000 per Occurrence $ 4,000,000 Aggregate $10,000,000 Aggregate Additional Requirements for Commercial Umbrella Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Liability Insurance To the extent the Company maintains an insurance policy or policies providing directors' and officers' liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any Company director or officer.

  • Commercial Business Automobile Liability Insurance The Contractor shall provide Commercial Business Automobile Liability Insurance that shall include coverage for bodily injury and property damage arising from the operation of any owned, non-owned, or hired automobile. The Commercial Business Automobile Liability Insurance Policy shall provide not less than $1,000,000 Combined Single Limits for each accident. Additional Requirements for Commercial Business Automobile Liability Insurance are shown below at Paragraph 1.5.3.3.6.

  • Product Liability Insurance insurance against claims for bodily injury, death or Property damage resulting from the use of products sold by the Company or any of its Subsidiaries in such amounts as are then customarily maintained by responsible persons engaged in businesses similar to that of the Company and its Subsidiaries.

  • Commercial Automobile Liability Insurance During the term of this Contract, Supplier will maintain insurance covering all owned, hired, and non-owned automobiles in limits of liability not less than indicated below. The coverage must be subject to terms no less broad than ISO Business Auto Coverage Form CA 0001 (2010 edition or newer), or equivalent. Minimum Limits: $1,000,000 each accident, combined single limit

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