Salah satu diantaranya adalah Wording MISCELLANEOUS PROPERTY FLOATER – ALL RISKS FORM
C-530 Mennonite Mutual Fire Insurance Company of Saskatchewan
MISCELLANEOUS PROPERTY FLOATER – ALL RISKS FORM
PROPERTY INSURED
This Policy covers the property of the Insured or the property of others for which the Insured may be liable as described on the
Declarations Page, including appurtenances thereof attached thereto or contained thereon. Each item scheduled is to be deemed
separately insured.
LIMITS OF LIABILITY
It is agreed that the Insurer’s limit of liability, including salvage charges, sue and labour, or the expenses, or all combined, shall not
exceed the amount of insurance for each item as stipulated herein or contained on any endorsement attached hereto, in respect to any
one loss, disaster, or casualty.
PERILS INSURED
This Policy insures (except as excluded elsewhere in this Policy);
While on Land, against all risks of direct physical loss of or damage to the insured property from any external cause, except as provided
elsewhere in this Policy;
(b) While waterborne on board any regular ferry while operating on inland or coastal waterways only, against loss or damage to
the Insured property directly caused by the stranding, sinking, burning or collision of the ferry, including general average and salvage
charges only.
PERILS EXCLUDED
This Policy does not insure against:
(a) Loss or damage caused by delay, loss of use, loss of market, wear and tear, gradual deterioration, inherent vice, latent defect or
mechanical breakdown or derangement;
(b) Loss or damage caused by or resulting from corrosion, rust, rodents, insects, vermin, dampness of atmosphere, staining or freezing
unless such damage is the result of other loss covered by this Policy;
(c) Loss caused by unexplained or mysterious disappearance of property (except property in the custody of carriers for hire);
(d) Loss or damage caused by or resulting from artificially generated electrical currents to electrical appliances or devices, (including
wiring), unless fire ensues and then only for loss or damage by such ensuing fire;
(e) Loss or damage (unless fire or explosion ensues and then only for the loss or damage caused by such ensuing fire or explosion)
sustained while the property insured is actually being worked upon and directly resulting therefrom or caused by any repairing,
adjusting or servicing of the property insured;
(f) Loss or damage resulting from misappropriation, secretion, conversion, infidelity or any dishonest act on the part of the Insured or
other party of interest, his or their employees or agents or any person or persons to whom the property may be entrusted (bailees
or carriers for hire excepted);
(g) Loss or damage occasioned by neglect of the Insured to use all reasonable means to save and preserve the property at and after any
disaster insured against or when the Insured has notice of an impending disaster;
(h) Breakage of glass or similar fragile materials, marring or scratching unless such loss or damage to the insured property is caused
directly by fire or the combating thereof, lightning, flood, earthquake, windstorm, hail, explosion, strike, riot or civil commotion,
aircraft, vehicles other than transporting conveyances, rupture of pipes or breakage of apparatus, sprinkler leakage, vandalism,
malicious acts, theft, attempted theft or accident to transporting conveyance;
(i) Loss, destruction or damage caused by civil commotion, war, invasion, act of foreign enemy, hostilities (whether war be declared or
not), civil war, rebellion, revolution, insurrection or military power;
(j) Loss, destruction or damage caused by contamination by radioactive material;
(k) by any “fungi” or “spores” unless such “fungi” or “spores” are directly caused by or directly result from a peril otherwise insured
and not otherwise excluded by this Form;
(l) by delay loss of market, or loss of use or occupancy;
(m) by any nuclear incident (as defined in the Nuclear Liability Act or any other nuclear liability act, law or statute, or any law
amendatory thereof) or nuclear explosion, except for ensuing loss or damage which results directly from fire, lightning or
explosion of natural, coal or manufactured gas;
(n) loss or damage caused directly or indirectly by any actual or alleged spill, discharge, emission, dispersal, seepage, leakage,
migration, release or escape of “pollutants”, nor the cost or expense of any resulting “clean up”, but this exclusion does not
apply:
(i) If the spill, discharge, emission, dispersal, seepage, leakage, migration, release or escape of “pollutants” is the direct result
of a peril not otherwise excluded under this Form;
(ii) to loss or damage caused directly by a peril not otherwise excluded under this Form;
(o) cost or expense for any testing, monitoring, evaluating or assessing of an actual, alleged, potential or threatened spill, discharge,
emission, dispersal, seepage, leakage, migration, release or escape of “pollutants”.;
DATA & DATA PROBLEM EXCLUDED
(a) This Form does not insure “Data”
(b) This Form does not insure loss or damage caused directly or indirectly by “Data Problem”.
However, if loss of damage caused by “Data Problem” results in the occurrence of further loss of or damage to property insured
that is directly caused by fire or lightning, explosion, impact by aircraft, spacecraft or land vehicle, leakage from fire protective
equipment, windstorm or hail, all as described in clause 19 (k) “Named Perils” this exclusion (b) shall not apply to such resulting
loss or damage.
TERRITORIAL LIMITS
This Policy covers only within Canada and the Continental limits of the United States of America (excluding the State of Alaska).
DEDUCTIBLE CLAUSE
Each claim for loss or damage shall be adjusted separately and from the amount of each such adjusted claim or the applicable limit of
liability, whichever is less, the sum shown on the Declaration Page shall be deducted.
CO-INSURANCE
The Insured shall maintain insurance concurrent in form, range and wording with this Policy on the property Insured to the extent of at
least 100% of the actual cash value thereof, and, failing so to do, shall only be entitled to recover that portion of any loss that the limit of
liability in force at the time of loss bears to the limit of liability required to be maintained by this clause.
This clause shall apply separately to each item insured.
REINSTATEMENT
Any loss hereunder shall not reduce the amount of this Policy.
PROPERTY OF OTHERS
In case of loss or damage to property of others held by the Insured for which claim is made upon the Insurer with the consent of the
Insured, the right to adjust such loss or damage with the owner or owners of the property is reserved to the Insurer and the receipt of
such owner or owners in satisfaction thereof shall be in full satisfaction of any claim of the Insured for which such payment has been
made. If legal proceedings be taken to enforce a claim against the Insured as respects any such loss or damage the Insurer reserves the
right at its option without expense to the insured, to conduct and control the defense on behalf of and in the name of the Insured. No
action of the Insurer in such regard shall increase the liability of the Insurer under this Policy, nor increase the limits of liability provided
herein.
OTHER INSURANCE
Where there is any other valid insurance providing indemnity for loss for which this Rider provides indemnity, the Insurer shall be liable
only for its rateable proportion of the loss.
ALL GENERAL EXCLUSIONS, DEFINITIONS AND PROVISIONS OF SECTION I PROPERTY COVERAGES APPLY
ALL STATUTORY AND ADDITIONAL CONDITIONS OF THIS POLICY APPLY
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