Common use of Valuable Papers and Records Clause in Contracts

Valuable Papers and Records. This Additional Agreement applies only to contents pertaining to the Bed & Breakfast business. Coverage is provided for the extra expense necessarily incurred in the cost of compiling books of account, drawings, card index systems or other records including film, tape, disc, drum, cell or other magnetic recording or storage media for electronic data processing, all the property of the Insured, when such records are damaged by a peril insured against.