Automatic Increase Clause
This insurance extends to cover any increase in Gross Profit or Gross Revenue for an amount not exceeding 10% of the Sum Insured thereon provided that the Insured undertakes to advise the Insurer at the end of the policy period of such increase and to pay appropriate additional premium thereon.
PROPERTY
Total Asbestos Exclusion Clause
Total Asbestos Exclusion Clause
It is hereby understood and agreed that this contact shall not apply to and does not cover any actual or alleged liability whatever for any claims in respect of loss directly or indirectly arising out resulting from or in consequence of asbestos in whatever form or quantity.
Waiver Clause
Waiver Clause
Other than those stipulated in other article within this Policy, the Insurer and the Insured are respectively entitled to terminate this Insurance at any time by giving the reason. Such termination shall waive article 1266 and 1267 of the Indonesian Civil Code.
Notification of termination shall be made in writing by the party who wants the termination to the other party at their latest known address.
The Insurer is released from all liabilities under this Policy within 5 (five) calendar days from the dispatch date of the notification.
Klausul Pengesampingan
Selain dari hal-hal yang diatur pada pasal-pasal dalam Polis ini, Penanggung dan Tertanggung masing-masing berhak setiap waktu menghentikan pertanggungan ini dengan memberitahukan alasannya. Penghentian pertanggungan ini mengesampingkan Pasal 1266 dan 1267 Kitab Undang Undang Hukum Perdata.
Pemberitahuan penghentian dimaksud dilakukan secara tertulis melalui surat tercatat oleh pihak yang menghendaki penghentian pertanggungan kepada pihak lainnya di alamat terakhir yang diketahui.
Penanggung bebas dari segala kewajiban berdasarkan Polis ini 5 (lima) hari kalender terhitung sejak tanggal pengiriman surat tercatatnya untuk pemberitahuan tersebut.
Policy Wording: Polis Standar Asuransi Kebakaran Indonesia (PSAKI)
Spesimen Polis Standar Asuransi Kebakaran Indonesia (PSAKI)
Policy Wording: Polis Standar Asuransi Terorisme dan Sabotase Indonesia (PSATSI)
Spesimen Polis Standar Asuransi Terorisme dan Sabotase Indonesia (PSATSI)
Policy Wording: Polis Standar Asuransi Gempa Bumi Indonesia (PSAGBI)
Spesimen Polis Standar Asuransi Gempa Bumi Indonesia (PSAGBI)
Policy Wording: Property/Industrial All Risk (Munich Re)
Spesimen Polis Asuransi Semua Risiko Harta Benda (Munich Re)
Work of Art Clause
Work of Art Clause
Notwithstanding anything contained herein, This policy is extended to cover loss of or damage to fine arts and collectible objects of every description including but not limited to paintings, drawings, prints, rare books and manuscripts, rugs, tapestries, antique furniture, sculpture, ceramics, but excluding jewelry, jade, gemstones, precious stones, precious metals, bullion, furs, watches, gold or silver objects
These objects can be owned by the Insured, property offered as gifts, partially owned property, and property for which the Insured have agreed to insure prior to loss.
Basis of Settlement shall be the cost of restoring and repairing to a condition substantially the same as before the damage plus any reduction in market value caused by the damage. Subject always to a maximum amount not exceeding the market value immediately prior to the loss. When restoration or repair is not possible, the Basis of Settlement shall be the market value immediately before the damage.
Amount payable under this clause shall not exceed in the aggregate USD………
Tenants Improvement Clause
Tenants Improvement Clause
The insurance by this Policy extends to include tenants improvement and alteration to Landlord’s property insofar as the Insured is responsible therefore.
Software and Data Related Loss Exclusion Clause
Software and Data Related Loss Exclusion Clause
- The Insurance by this Policy excludes any Software Loss except:
- Software Loss resulting damage to the equipment, hardware, media or device on which the programme, computer software or operating systems, programming instructions, or data are transported, processed or contained.
- Direct physical loss or direct physical damage to tangible property by Fire or Explosion that results from a Software Loss. For the purposes of this endorsement, electronic data, programme (s), computer software or operating system(s), programming instruction(s) and data are not tangible property.
- Software Loss means loss of or damage to any programme (s), computer software or operating system(s), programming instruction(s) or data arising out of resulting from any failure, malfunction, deficiency, deletion, fault, Virus, deletion or corruption or any loss of use, reduction in functionality, cost, expense or liability resulting therefrom. Software loss includes, but is not limited to, loss or damage resulting from any authorised or unauthorised access in, of or to any computer, communication system, file server, networking equipment, computer system, computer hardware, data processing equipment, computer memory, microchip, microprocessor (computer chip), integrated circuit or similar device in computer equipment, any program, computer software or operating systems, programming instructions or data.
- Virus means software, data or code that affects the operation or functionality of any computer, communication system, file server, networking equipment, computer system, computer hardware, data processing equipment, computer memory, microchip, microprocessor (computer chip), integrated circuit or similar device in computer equipment, program, computer software or operating systems, programming instructions or data including, but not limited to any destructive program, computer code, computer virus, worm, logic womb, denial of service attack, smurf attack, vandalism, Trojan Horse or any other data introduced into any electronic system causing deletion, destruction, degradation, corruption, malfunction or compromise of or to data, software or electronic business systems.
