Kamis, 12 November 2015

Endorsement 119 Existing property or property belonging to or held in care, custody or control by the insured

It is agreed and understood that otherwise subject to the terms, exclusions,
provisions and conditions contained in the Policy or endorsed thereon and subject
to the Insured having paid the agreed extra premium, Section 1 of this Policy shall
be extended to cover loss of or damage to the existing property or property
belonging to or held in care, custody or control by the Insured caused by or arising
out of the construction or erection of the items insured under Section 1.

Insured property:

Sum insured:

The Insurers shall only indemnify the Insured for loss of or damage to the insured
property provided that prior to the commencement of construction its condition is
sound and the necessary safety measures have been taken.

In respect of loss or damage caused by vibration or by the removal or weakening
of support Insurers shall only indemnify the Insured for loss or damage as a result
of a total or partial collapse of the insured property, and not for superficial damage
which neither impairs the stability of the insured property nor endangers its users.

The Insurers shall not indemnify the Insured for

– loss or damage which is foreseeable having regard to the nature of the
construction work or the manner of its execution,
– the costs of loss prevention or minimization measures which become
necessary during the period of insurance.
Deductible:

Extra premium:
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