Endorsement 114
Serial Losses
It is agreed and understood that otherwise
subject to the terms, exclusions, provisions and conditions
contained in the Policy or endorsed thereon, the following clause shall apply
to this insurance :
Loss or damage due to faulty design (if
covered by endorsement), defective material and/or workmanship arising out of
the same cause to structures, parts of structures, machines or equipment of the
same type shall be indemnified according to the following scale after
applying the Policy deductible for each loss :
100 % of the first 2 losses
80
% of the 3rd loss
60
% of the 4th loss
50
% of the 5th loss
Further losses shall not be indemnified.
|
Endosemen 114
Rangkaian Kerugian
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, klausul berikut
berlaku untuk asuransi ini:
Kerugian atau kerusakan karena salah desain
(jika dijamin oleh endosemen), cacat material dan/atau pengerjaan yang timbul
dari penyebab yang sama terhadap struktur, bagian dari struktur, mesin atau
perlengkapan dengan tipe yang sama diberi ganti rugi menurut skala berikut
setelah berlakunya risiko sendiri Polis untuk setiap kerugian :
100 % dari 2 kerugian pertama
80 %
dari kerugian ke-3
60 % dari kerugian ke-4
50 % dari kerugian ke-5
Kerugian
selanjutnya tidak diberi ganti rugi.
|
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
Tuesday, July 10, 2012
Serial Losses
Subscribe to:
Post Comments (Atom)
-
Endorsement 001 Cover for Loss or Damage due to Strike, Riot and Civil Commotion (SRCC) It is agreed and understood that otherwise su...
-
Endorsement 001 Cover for Loss or Damage due to Strike, Riot and Civil Commotion (SRCC) It is agreed and understood that otherwise subj...
-
Where any contract or agreement entered into with any principal (named in the schedule hereto) and the company will indemnify the Principal ...
No comments:
Post a Comment