Section 15-103 - General liability for loss of valuables(a) A hotel is not liable for the loss, by robbery or otherwise, of a valuable belonging to a guest if: (1) the hotel provides a safe or other secure depository for keeping valuables of guests;(2) the guest does not deposit the valuable with the hotel for safekeeping; and(3) the loss does not result from the collusion or negligence of the hotel or its agent.(b)(1) A hotel is not liable for more than $300 for the loss of valuables that a guest deposits with the hotel for safekeeping unless, at the time of deposit, the guest shows the valuables to an agent of the hotel and declares a greater value to the agent.(2) A hotel need not accept for safekeeping valuables with a declared value of more than $1,000.(c) A hotel is not liable for more than $1,000 for the loss of or damage to valuables belonging to a guest, whether or not the valuables were offered to or accepted by the hotel for safekeeping.