Yes, and it is the most useful thing on this page. Under the Commercial Code a warehouse is liable for loss caused by a failure to exercise the care a reasonably careful person would use. It is not liable for damage that care could not have avoided. The agreement or warehouse receipt may also limit the amount of liability, stated per unit or per article. A customer can require a higher limit for a higher storage rate. Send us the agreement, because the limitation you wrote decides what the policy has to answer for.
Related FAQs
No, and the distinction matters. It is liability coverage, so it responds when you are legally responsible for a loss, not simply because the loss happened in your building. ...
Usually not. Warehouse legal liability responds where the operator is legally responsible for the loss, and under the Uniform Commercial Code a warehouse is not liable for damage that ...
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