Showing posts from June, 2013

OUTPUT REPLACEMENT CLAUSE

Any property insured which has a measurable output and which is capable of replacement with a ne…

OUTBUILDING CLAUSE

The insurance by each item under building is understood to include walls, gates and fences, smal…

OTHER INTEREST CLAUSE

Lessors, financiers, mortgagees, trustees, of risks or of contractors, subcontractors and other …

NOTIFICATION CLAUSE

The present situation, manner of connection, construction, nature and interior of the buildings …

NON INVALIDATION CLAUSE

This insurance is not invalidated by any change of occupancy or increase of risk taking place in…

NEW LOCATION CLAUSE

It is hereby agreed that the Insurer will hold cover any new locations acquired by the Insured d…

NEW BUSINESS CLAUSE

For the purpose of nay claim arising from damage occurring before the completion of the first y…

MISDESCRIPTION CLAUSE

It is understood that this insurance shall not be prejudiced by any alteration or misdescription…

MINING PROPERTY INCLUSION

Property Exclusion mining property and equipment located beneath the surface of the ground unles…

LEEWAY CLAUSE

In the event of the Gross Profit earned during any annual period of insurance (or during the acc…

LEASED PROPERTY CLAUSE

This Policy extends to indemnify any other party having an interest in the property insured by v…

LANDSCAPING CLAUSE

This Policy is extended to include landscaping, which term shall mean lawns, gardens, ornamenta…

LAND IN TRANSIT CLAUSE

(PROPERTY IN TRANSIT CLAUSE (Limit Rp.XXX.XXX.XXX,00)) Notwithstanding anything contained in Sp…

JETTY CLAUSE

The insurance provided by this Policy is, (in addition to the risks already covered) extended t…

LOSS PAYEE CLAUSE.

It is hereby noted and agreed that MARUBENI CORPORATION and SUMITOMO CORPORATION (hereunder kno…

LOSS PAYABLE CLAUSE

In accordance to the Banker’s Clause attached in policy, any claim less than or equal to USD. X…

LOSS LIMIT CLAUSE

The insurance by this policy is arranged on the basis of Loss limit up to an amount stated in th…

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