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Form ADD-12
Unit(s) or space no(s).: {{ContractUnitRoomNumber}}
ADDENDUM FOR REQUIREMENT OF TENANT INSURANCE
1. Insurance mandatory. You agree to maintain renter's or casualty insurance covering all items stored in theabove-referenced space in the minimum coverage amount of $_______ (if no amount is filled in, the minimum coverage amount is $2,000). You will obtain this insurance by (initial one):
______ Purchasing renter’s or casualty insurance through our Facility Program (see and complete paragraph 4.)
______ Purchasing renter’s or casualty insurance from an insurance company of your choosing. If you elect this option, you must provide us with written proof of insurance in compliance with this Addendum on or prior to move-in, and at any time we request further confirmation. You agree to require your insurance provider to provide notice to us at least 30 days prior to any cancellation, non-renewal, or other material change in your insurance policy.
2. Insurance acknowledgement.Lessor is not a bailee and has no safekeeping duties for Tenant’s property atany time under any circumstances. Lessor is not liable for loss or damage to property stored in or transported to or from tenant’s space, regardless or who owns such property and regardless of whether the loss or damage is caused by fire, smoke, dust, water, weather, insects, vermin, explosion, utility interruption, equipment malfunction, unexplained disappearance, negligence of Lessor or Lessor’s agents, theft by others, or any other cause, unless such is prohibited by law. Any insurance maintained by Lessor isonly for the benefit of Lessor.
3. Lessor not liable. You acknowledge that we provide no insurance for any item stored on the premises and arenot responsible for loss or damage of any kind regardless of the cause of the loss or damage.
4. Facility Program. You acknowledge that we have informed you of any insurance program (Facility Program) that we may have available to you, which provides you with an opportunity to purchase renter’s or casualty insurance through our facility under a specialty license held by our facility, in which we directly offer you insurance from the following company:________________________________________ . We do not own or manage this company and make no guarantees or representations concerning the insurance or the services it provides. You acknowledge that you have been offered a brochure summarizing this company’s insurance products that constitute our Facility Program and elect to participate in the Facility Program. You acknowledge that you will owe an additional amount of $_______ per month in payment for such insurance.
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Tenant’s signature / Date
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Signature of Lessor’s Representative / Date
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