Risks : MB
It is hereby noted and agreed tha in the event of a recoverable loss under this policy, the liability shall extend to include any loss or damage to the stock in process subject to the terms and conditions of the policy.
Showing posts with label MACHINERY BREAKDOWN. Show all posts
Showing posts with label MACHINERY BREAKDOWN. Show all posts
BROAD, PAIRS AND SETS
“It is hereby noted and agreed that, in case of loss destruction or damage to part of a pair or set, the insurer will pay the full amount of the pair or set provided the insured agree to surrender the remaining article or articles of the pair or set to the insurer”.
ALTERATIONS CLAUSE
Notwithstanding anything contained in the printed conditions of the Policy to the contrary, it is noted and agreed that this Insurance shall not be prejudiced in the event of any alterations being made to the property insured whereby the risk of damage is increased, provided that notice of such alteration be given to the Insurer within sixty (60) days of the commencement of such alterations and additional premium paid, if required from the date of such alteration.
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