Refill of Fire Extinguishers Clause
It is hereby noted and agreed that the insurance by this Policy extends to cover the cost reasonable incurred of refilling the fire extinguishing appliances for the purpose of exercise for protecting of the premises not exceeding in the aggregate IDR …………
PROPERTY
Rights of Recourse Clause
Rights of Recourse Clause
It is hereby declared and agreed that insurers retain full rights of recourse against contractors or suppliers to the insured following indemnification of any loss hereunder.
Preventive Measure Clause
Preventive Measure Clause
It is agreed that in the event of actual damage (or imminent damage) to the Insured Property, the Insurer will pay the reasonably costs necessary in preventing, minimizing or reducing damage to the Insured Property, which the Insured can prove where necessary incurred immediately and urgently in an emergency.
Property Under Construction Clause
Property Under Construction Clause
This Policy covers the interest of the Insured and contractors and/or sub-contractors for whom the Insured has agreed to arrange insurance, in all materials, equipment, machinery, and supplies of any nature to be used in or incidental to the site preparations, erection and/ or fabrication and/or testing of the property insured, subject to the terms, conditions, Limits and Deductibles applicable to this Section.
It is understood and agreed that property in the course of construction with a final contract value expected to be less than USD…….. per project shall be covered automatically.
Property in the course of construction with a final contract value expected to exceed USD…….. per project shall be declared at least ninety days in advance with rates, terms and conditions subject to mutual agreement between the Insured and the Insurer.
Prorata Return Premium Clause
Prorata Return Premium Clause
Notwithstanding anything contained to the contrary, cancellation of any certificate under this Policy and/or the cancellation of the master Policy arranged for this programmed, return premium, if any, shall be subject to prorata premium calculation basis.
Political Risk Exclusion Clause
Political Risk Exclusion Clause
The following shall be excluded from this Policy:
Any loss or damage occasioned by or through or in consequence, directly or indirectly, of any of the following occurrences, namely:
- War, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war.
- Mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, military or usurped power, martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or stage of siege.
- Permanent or temporary dispossession resulting from confiscation, commandeering or requisition by any lawfully constituted authority.
- Acts of terrorism committed by a person or persons acting on behalf of or in connection with any organization.
For the purpose of this provision “terrorism” shall mean the use of violence for political ends and shall include any use of violence for the purpose of putting the public or any section of the public in fear.
In any action, suit or other proceeding in which the Insurer alleges that by reason of these provisions any loss or damage is not covered by this Policy, the burden of proving that such loss or damage is covered shall be upon the Insured.
Output Replacement Clause
Output Replacement Clause
Any property insured which has a measurable output and which is capable of replacement with a new item or items which performs a similar function is valued for insurance purpose in respect thereof shall be on the same basis.
- If property lost, destroyed or damaged is to be replaced by an item or items which has or have the same or lesser total output, then the insurable value thereof is the new installed cost of such replacement item or items as would give the same total output as the property lost or damaged.
- If property lost or damaged is to be replaced by an item or items which has or have a greater total output, then if property is not available with the same total output then no deduction shall be made from any claim for the improved output.
Provided that in the event of partial loss where property is to be repaired this policy shall pay the cost of restoration of the damaged property to a conditions substantially the same but not better or more extensive than its conditions when new.
Transmission and Distribution Lines Exclusion Clause
Transmission and Distribution Lines Exclusion Clause
This policy does not cover all transmission and distribution, including wire, cables, poles, pylons, standard towers and any equipment of any type of which may be attendant to such installation of any description. This exclusion includes but not limited to transmission or distribution of electrical power, telephone or telegraph signal and all communication signals whether audio or visual.
This exclusion applies to both above and below ground equipment except that which is within 1,000 meters of the insured’s premises or as defined in the Schedule
This exclusion applies both to physical or damage to the equipment and all business interruption, consequential loss and/or other contingent losses related to transmission and distribution lines.
Klausul Pengecualian Transmisi & Distribusi
Polis ini tidak menjamin semua transmisi dan distribusi, termasuk kawat, kabel, tiang, menara standar dan peralatan lainnya yang mungkin digunakan untuk instalasi tsb. Pengecualian ini termasuk namun tidak terbatas pada transmisi atau distribusi tenaga listrik, sinyal telepon atau telegraf dan semua sinyal komunikasi apakah audio atau visual.
Pengecualian ini berlaku untuk semua peralatan di atas dan di bawah tanah kecuali untuk peralatan yang berada di dalam radius 1.000 meter dari premis atau sebagaimana didefinisikan dalam Ikhtisar.
Pengecualian ini berlaku untuk semua kerusakan fisik pada peralatan dan juga gangguan bisnis, kerugian lanjutan dan / atau kerugian kontingen lain yang berkaitan dengan transmisi dan distribusi.
Interpretation Clause
Interpretation Clause
In the event of any conflict of interpretation between the various clauses and conditions contained in this Policy, the broadest and least restrictive wording to the benefit of the Insured shall always prevail.
Notwithstanding the foregoing, in the event that any provision of this Policy is unenforceable by the Insured under the laws of any Nation or other jurisdiction wherein it is claimed that an Insured is liable for any loss, injury or damage covered by this Policy because of non-compliance with any statute thereof, then this Policy shall be enforceable by the Insured with the same effect as if it complied with such statute.
Guest’s Personal Effect Clause
Guest’s Personal Effect Clause
It is hereby declared and agreed that this policy extends to cover legal liability of the Insured in respect of loss or damage to Personal Effects of the Insured’s Guest occurring at the place or places at which this policy is applies.
