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Endorsement 115
Cover for Designer's Risk
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, exclusion c) under Special Exclusions to Section I of the
Policy shall be deleted and exclusion d) replaced by the following wording :
"d) The cost of replacement, repair or
rectification of loss or damage to items due to defective material and/or
workmanship and/or faulty design, but this exclusion shall be limited to the items immediately affected and
shall not be deemed to exclude loss of or damage to correctly executed items
resulting from an accident due to such defective material and/or workmanship
and/or faulty design."
Extra
Premium :
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Endosemen 115
Jaminan untuk Risiko Perancang
Dengan ini disetujui dan dipahami bahwa
lain daripada yang diatur dalam syarat, pengecualian, ketentuan dan kondisi
yang terdapat pada Polis atau yang diendos di dalamnya dan dengan syarat
Tertanggung telah membayar premi ekstra yang telah disetujui, pengecualian c)
di bawah Pengecualian Khusus untuk Bagian I dari Polis ini dihapus dan
pengecualian d) diganti dengan kata-kata berikut:
"d) Biaya penggantian, perbaikan atau pembetulan suatu
kerugian atau kerusakan karena cacat material dan/atau pengerjaan dan/atau
salah desain, tetapi pengecualian ini terbatas pada barang-barang yang terkena dampak langsung dan tidak dapat dianggap mengecualikan
kerugian atau kerusakan pada barang-barang yang sudah dikerjakan dengan benar
yang diakibatkan oleh suatu kecelakaan karena cacat material dan/atau
pengerjaan dan/atau salah desain tersebut.”
Premi
Ekstra :
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Insurance Agents Team who shares all About Insurance, i.e. Health Insurance, Auto Insurance, Insurance Rates, Fire Insurance, Liability Insurance, Property Insurance, Engineering Insurance, Aviation Insurance, Machinery Breakdown Insurance, Fidelity Guarantee, Money Insurance, Marine Cargo Insurance, Project Insurance, Automobile Liability Insurance, Builder's Risks Insurance, Contractors-Erection All Risks Insurance, Loss Prevention, Risks Management, Insurance Claims, etc
Showing posts with label Fire Standard. Show all posts
Showing posts with label Fire Standard. Show all posts
Tuesday, July 10, 2012
Cover for Designer's Risk
Thursday, March 12, 2009
Compulsory Clause
COMPULSORY CLAUSE
THEFT DURING FIRE EXCLUSION CLAUSE
Notwithstanding anything contained in article 291 of the Commercial Code (Kitab Undang-Undang Hukum Dagang) to the contrary, it is hereby expressly understood that, in case of fire missing by theft or otherwise shall not be covered under this Policy.
ELECTRICAL SHORT CIRCUIT CLAUSE
It is hereby expressly understood and agreed that this policy also covers loss or damage caused by fire as consequence of electrical short circuit.
REINSTATEMENT ADDITIONAL PREMIUM CLAUSE
It is hereby understood that in case of reinstatement of the sum insured referred to in Article XVII of the within policy, the additional premium shall be calculated on a prorata basis in accordance with the remaining period of cover.
THEFT DURING FIRE EXCLUSION CLAUSE
Notwithstanding anything contained in article 291 of the Commercial Code (Kitab Undang-Undang Hukum Dagang) to the contrary, it is hereby expressly understood that, in case of fire missing by theft or otherwise shall not be covered under this Policy.
ELECTRICAL SHORT CIRCUIT CLAUSE
It is hereby expressly understood and agreed that this policy also covers loss or damage caused by fire as consequence of electrical short circuit.
REINSTATEMENT ADDITIONAL PREMIUM CLAUSE
It is hereby understood that in case of reinstatement of the sum insured referred to in Article XVII of the within policy, the additional premium shall be calculated on a prorata basis in accordance with the remaining period of cover.
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