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.

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