Risks : CEAR
Notwithstanding anything herein contained to the contrary the insurance hereby is extended to indemnify the insured against costs and expenses necessarily and reasonably incurred to reproduce such plans, documents and records including all the information therein destroyed or damaged as a result of a peril insured hereunder whatever or whenever such loss, destruction or damage shall occur.
Where the subject-matter insured hereunder (or any apportionable part) becomes missing and after the lapse of a reasonable time has not been located, an actual total loss of the subject-matter insured (or any apportionable party) may be presumed. For the purposes of this insurance, there shall be deemed to have been the lapse of a reasonable time where delivery to the consignees’ or other final warehouse or place of storage at the destination named herein has not been effected within 90 days of the expected date of such delivery. If, after the payment by the Insurer(s) of an actual total loss as provided for above, this subject-matter insured or whatever may remain thereof is located, the ownership and all proprietary rights incidental thereto shall be vested is the Insurer(s) the subject-matter insured of whatever may remain thereof.
Comments
Post a Comment