8. What happens if the items get lost or are stolen during my option period?
The item will be fully insured with Loan Purchase
from the moment of purchase until you exercise the buy back option on the item.
If the company is unable to sell any of the goods back to seller on the day when seller exercises buy back option because of circumstances beyond companies reasonable control, for example but not limited to natural disasters, acts of terrorism and any other un-insurable incidences then the option will lapse and seller will be reimbursed all option extension fees paid by seller together with an amount equal to 10% of the amount paid by us for the purchase of the item. If the company’s inability arises because of circumstances within reasonable control, including theft, then the Company will pay seller the agreed insured amount as indicated on agreement in respect of the affected goods, less the purchase price paid by the company for the item.
