Damage and Theft Insurance:
Matterhorn Music Inc. will repair instrument noted above and will replace it with a similar instrument if it is accidentally destroyed, damaged beyond repair or stolen for one year from the date listed below. Matterhorn Music Inc. will be the sole determiner of whether to repair or replace the instrument. In the case of theft, a copy of the police report must be produced within seven days. In case of destruction, a notarized declaration of the circumstances and the remains of the instrument must be forwarded to Matterhorn Music Inc. Missing accessories, loss of the instrument, malicious damage and damage caused by 3rd parties are not covered by this protection plan. If you choose not to take out insurance you will be responsible for the value of the instrument in case the instrument is destroyed or stolen. A 25% deductible applies.
The lessee understands the terms of this agreement and the terms of the insurance policy.