PROPERTY OF GUEST LODGED FOR SAFE CUSTODY CLAUSE (LIMIT US$ 10,000.00 PER GUEST)

It is agreed and declared that EXCLUSION 4.19.2 of this policy shall not apply to liability for Property Damage to property of guests or lodgers deposited with the Insured specifically for the safe custody provided that Company’s Limit of Indemnity under this endorsement shall not exceed US$ 10,000.00 any one occurrence.

Provided further that Company shall not be liable for :

  1. The first US$ 500.00 of each and every claim
  2. Property Damage to property which is not received for safe custody through the refusal or default of the Insured.

It is further agreed and declared that the limitations of liability stipulated by the Innkeepers. Act (NSM) or similar legislation shall be except as provided herein the limit of Company’s liability for all compensation whether or nor any notice shall have been posted in accordance with the said Act or legislation

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