Senin, 31 Maret 2014

Endorsement 121: Special Conditions Concerning Piling Foundation and Retaining Wall Works


It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured in respect of expenses incurred
1. for replacing or rectifying piles or retaining wall elements
a. which have become misplaced or misaligned or jammed during their construction;
b. which are lost or abandoned or damaged during driving or extraction;
or
c. which have become obstructed by jammed or damaged piling equipment or casings;
2. for rectifying disconnected or declutched sheet piles;
3. for rectifying any leakage or infiltration of material of any kind;
4. for filling voids or for replacing lost bentonite;
5. as a result of any piles or foundation elements having failed to pass a load bearing test or otherwise not having reached their designed load bearing capacity;
6. for reinstating profiles or dimensions.

This endorsement shall not apply to loss or damage caused by natural hazards. The burden of proving that such loss or damage is covered shall be upon the Insured.
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