Common use of Valuable Papers and Records Clause in Contracts

Valuable Papers and Records. It is hereby noted and agreed that the property insured under this Policy is extended to include any valuable papers and records and in case of loss of or damage to the property insured, the basis of valuation and settlement of any claim shall be valued at the cost to Annexure A – Add on covers under Fire Policy reproduce the property as of the date of reproduction including the cost of gathering and/or assembling information; “Valuable papers and records” are defined as written, printed, or otherwise inscribed documents and records, including but not limited to books, maps, films, drawings, abstracts, deeds, mortgages, micro-inscribed documents, manuscripts, and media and the data recorded thereon, but not including money and/or securities.