Insurance terms and conditions
OVERVIEW OF OUR INSURANCE COVERAGE
This option only applies if you have indicated "yes" to the insurance option described in the rental agreement and have paid the relevant fee. Please read sections 4 and 10 of the rental agreement carefully.
It is a condition of the rental contract that your belongings are insured for their full and actual total value and that the coverage is maintained throughout the period we store it.
Please note that whether or not you ask us to include you in our insurance scheme, our liability for actual physical loss of or damage to your belongings is limited by the terms of the rental agreement that forms part of our contract with you.
PROVIDED YOU ASK US TO PROVIDE INSURANCE, we can provide on your behalf an insurance policy written 100% Amica for AXA Versicherung AG and Others which will cover physical loss of or damage to your property under our insurance scheme as summarized below. You can review the policy at our office upon request
TOTAL INSURANCE SUM
The full and actual maximum total value of the goods at any time as declared to us in the rental contract or elsewhere in writing. The sum insured shall under no circumstances exceed DKK 750,000 for any customer unless we have confirmed this in writing. The total sum insured may be increased by payment of an additional fee subject to acceptance by our insurers.
RISKS INSURED AGAINST
Actual physical loss of or damage to your property caused by fire, lightning, explosion, earthquake, storm, flood, burst or leakage of pipes, ingress of water or other liquid, aircraft or parts falling from aircraft, moths, insects or pests resulting from an external cause, theft with associated forced and violent entry into or exit from a building or unit, riots, strikes, riots, malicious damage and blows during transportation of goods on vehicles or trains.
UNDERINSURANCE
It is a condition of the insurance scheme that the sum insured at any time represents the full total value of the stored belongings If you do not declare the full replacement value of your belongings in the rental agreement, we will, in the event of a claim, only be entitled to recover on your behalf from our insurers the proportion of the loss that the declared value represents in relation to the total replacement value of your belongings.
BASIS FOR SETTLEMENT OF CLAIMS
The settlement of a claim will be a replacement, repair or compensation, whichever the insurer chooses. In the case of total loss or destruction of an article insured under this policy, the basis of settlement will be the cost of replacing the article as new, provided that the article is substantially the same but not better than the original when new.
Linen and clothing
In the event that a claim involves loss of or damage to one or more articles of linen and clothing, insurers will take into account the age, quality, degree of use and consequent market value of one or more of such articles that have been lost or damaged.
Documents
In the event that a claim involves loss of or damage to documents, the basis of settlement will relate to the reasonable costs of re-printing and/or reasonable costs of re-issuing and/or re-creation, including applicable re-examination or exploration to obtain important information.
PARAGRAPH ON PAIRS AND KITS
In the case where some items form part of a pair or set, insurers will only pay for the actual items that have been lost or damaged. Insurers will not pay for items that are part of a pair or set and have not been lost or damaged.
POLICY SELF-RISK
No profit applies
CLAIM NOTIFICATION
We must be notified of all claims at the time of discovery of the loss of or damage to your property or at the time your property was removed from the device, whichever occurs first.
EXCLUSIONS
The following are not covered:
1. money, coins, coinage, deeds, bonds, securities and similar.
2. Animals, plants, explosives and fuels.
3. Jewelry, watches, precious stones, stamps of any kind exceeding a total of DKK 75,000.
4. furs, art, perfume, mobile phones, tobacco, cigars, cigarettes, beer, wine, spirits, etc. exceeding a total of DKK 150,000.
5. Electronic articles exceeding DKK 75,000 in total. Electronic articles are defined as all articles in the form of consumer and commercial electrical appliances and instruments, including but not limited to radios, televisions, computers, computer software, hard disks, chips, microchips, circuit boards and their components, modems, monitors, cameras, fax machines, copiers, video recorders, hi-fi, stereos, CD players, digital recorders/players etc. (Heavy electrical articles such as switchgear, turbines, generators etc. are not considered electronics).
6. Write-down of value resulting from the repair or restoration of a damaged item.
7. Loss of data recordings, except for empty data carriers.
8. Any items you are not allowed to store under the terms of the rental agreement.
9. Any consequence of war, invasion, hostilities of foreign enemies (whether war is declared or not), civil war, rebellion, revolution, insurrection or military force or seizure or confiscation or nationalization or acquisition or destruction of or damage to property carried out by or by order of any national or local authority.
10. Consequential or indirect loss caused by or resulting from a claim brought for loss or damage caused by a risk that is insured against.
11. Loss or damage due to:
a. Ionizing radiation or contamination due to radioactivity from nuclear fuel or from the combustion of nuclear fuel.
b. Radioactive, toxic, explosive or other hazardous or contaminating properties in a nuclear installation, reactor or nuclear component thereof.
c. Any weapon of war utilizing atomic or nuclear fission and/or fusion or other similar reaction or radioactive force or substance.
d. Radioactive, toxic, explosive or other hazardous or contaminating properties of radioactive material. The exclusion of this subparagraph does not apply to radioactive isotopes, other than nuclear fuel, when such isotopes are prepared, transported, stored or used for commercial, agricultural, medical, scientific or similar peaceful purposes.
12. Loss of or damage to any chemical, biological, biochemical or electromagnetic weapons. The use or operation as a means of inflicting damage to any computer system, computer software program, computer virus or process or any other electronic system.
13. Loss of or damage to your property directly caused by pressure waves from aircraft and other airborne devices traveling at or faster than the speed of sound.
14. If other insurance is in force at the time of the loss, this insurance will only apply to the extent that the losses cannot be recovered under the other insurance.
15. Loss of or damage to your property caused by or resulting from an act of terrorism or one or more persons acting with a political motive.
