Rabu, 02 Oktober 2013

UNEXPLAINED OR INVENTORY SHORTAGE

Excluded Circumstance 2.3 is amended to read  :

a.    unexplained or inventory shortage unless such loss can reasonably be attributed to theft or any attempt thereat.

The following exclusion shall apply to this endorsement :
Rectifying Defective Workmanship
This insurance does not cover the cost of rectifying defective workmanship, material or design, or wear and tear.  This exclusion shall be limited to the part which is defective and shall not apply to any other part(s) damaged in consequence.

OPTION 2
Excluded Circumstance 6.1.8 is amended to read  :

i.    unexplained or inventory shortage unless such loss can reasonably be attributed to theft or any attempt thereat.

The following exclusion shall apply to this endorsement :
-    Rectifying Defective Workmanship
-    This insurance does not cover the cost of rectifying defective workmanship, material or design, or wear and tear.
-    This exclusion shall be limited to the part which is defective and shall not apply to any other part(s) damaged in
consequence.
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