Friday, February 27, 2009

Automatic Reinstatement of Loss Clause

In consideration of the Insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a pro-rata basis from the date of such loss to the expiry of the current period of insurance, it is agreed that in the event of loss the insurance hereunder shall automatically maintain in force for the full sum insured stated in the schedule.

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