Coverage D: Event Gifts
We will indemnify you, in excess of the deductible, for direct physical loss or damage to event gifts that results during the time period seven (7) days before and seven (7) days after the event, while at your or the honoree’s home, at the event, or in transit between any of these locations, or while entrusted to a third party, from a cause of loss not excluded.
We will pay at our option the full cost to repair or replace the lost or damaged event gifts, without deduction for depreciation.
Exclusions
We will NOT indemnify you for any loss caused directly or indirectly by any of the following:
- Theft or attempted theft of event gifts that is not reported to the police as soon as practicable after discovery of the loss;
- Damage arising from wear and tear, moth, vermin, deterioration, confiscation or detention;
- Damage arising from atmospheric or climactic conditions (other than during the event);
- Damage by theft or attempted theft of any event gifts left in any unattended vehicle unless the vehicle is fully locked and secured and where forcible and visible entry into the vehicle is made;
- Theft or disappearance of cash in amounts greater than $300.00; or
- Mysterious disappearance.
The maximum amount we will indemnify you for under Coverage D is the amount stated in the declarations page for “Event Gifts”, regardless of the number of claims made under the policy.
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