lae, what your referring to about water damage is to indemnify the lift contractor of any damage caused by water infiltration. In other words the provision is not really for the owners to inspect the pit area moreso that they are liable for any damage. It can get quite flooded, infact ive had a complete basement floor flooded to the ceiling shorting out both old(56') Otis lifts, which used old VIR trailing cables that had to be completely rewired and the water washed away all terminal markings making the job twice as long. I think the job cost around 10k to fix. It goes without saying the owners wish they were more vigilant about any leaks. By the way remember you should have building insurance to cover losses.