Minggu, 09 Juni 2013

NEW BUILDING/PROPERTY CLAUSE

It is hereby declared and agreed that loss as insured by this Section of this Policy resulting from interruption of or interference with the Business in consequence of Damage to property at premises in respect of which the Insured have entered into a contract to have constructed, to purchase, to lease or to tenant shall be deemed to be loss resulting from damage to property used by the Insured at the insured locations.

It being understood and agreed that the provision herein shall not extend the scope of this Policy to provide any form of Advance Loss of Profit

Provided that, after the application of all the terms, conditions and provisions of this Policy the liability of the Insurers under this Section of this policy shall not exceed the Sum(s) Insured in respect of this Section of this Policy.
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