Notices. Every notice and other communication to the Insurer required by these conditions must be written or printed.
Time Limit For Insurer’s Liability. In no case whatever shall the Insurer be liable for any loss or damage after the expiration of twelve months from the happening of the loss or damage unless the claim is the subject of…
Misdescription. This Policy shall be void if the Insured has concealed or misrepresented any material fact or circumstances concerning this insurance or the subject thereof or in any case of any fraud, attempted fraud or false swearing by the Insured…
Cancellation Of The Insurance. The insurance may be terminated at any time at the request of the Insured, in which case the Insurer will retain the customary short period rate for the time the Policy has been in force.
Assignment. The assignment of this Policy, or this subrogation of any right hereunder to any party without the written consent of the Insurer, shall render this insurance null and void.
AVERAGE (CO-INSURANCE). If the property hereby insured shall, on the happening of any loss or damage be collectively of greater value than the sum insured thereon, then the Insured shall be considered as being his own Insurer for the difference,…
VALUATION. Unless otherwise specifically stated herein, this Insurer shall not be liable beyond the actual cash value of the property at any time any loss or damage occurs, and in no event for an amount in excess of that specified…
MACHINERY. In case of loss or damage from perils insured against to any part of a machine, consisting when complete for sale or use of several parts, this Insurer shall be liable only for the insured Value of the part…
REDUCING CLAUSE. Loss incurred hereunder shall reduce the amount of insurance on the property lost or damaged by the amount of the loss until the said amount be made good by additional insurance with pro rata additional premium paid therefore.
SUBROGATION OF RIGHTS. The Insured shall at the expense of the Insurer, do and concur in doing and permit to be done, all such acts and things as may be necessary or required by the Insurer for the purpose of…
EXEMPTING OTHERS FROM LIABILITY. Any act or agreement by the Insured prior or subsequent hereto or simultaneous herewith in date, whereby any right of the Insured to recover in full value of or amount of damage to any property lost…
BENEFIT OF INSURANCE. It is warranted, that this insurance shall in no case inure directly or indirectly to the benefit of any carrier, bailee or other party by stipulation in bill of lading or otherwise and any breach of this…
OTHER INSURANCE. It is a condition of this Policy that it shall not cover any property to the extent that it is directly covered by other insurance (whether Fire, Marine or other Policy or policies) whether prior or subsequent hereto…
If any difference arises as to the amount of any loss or damage, such difference shall independently of all other questions be referred to the decision of an arbitrator, to be appointed in writing by the parties in difference or…
NOTICE AND PROOF OF LOSS. The Insured shall as soon as practicable report to this Insurer or its agent every loss or damage which may become a claim under this Policy and shall also file with the Insurer or its…
Loss or damage occasioned by the weight of a load exceeding the registered lifting or supporting capacity of the machine.
Loss or damage to electrical appliances, devices, apparatus or machinery of any kind, including wiring caused by electrical currents artificially generated unless fire ensues and then only for this Insurer’s proportion of loss caused by such ensuing fire.
Excluded Perils 11. In the case of loss or damage from perils insured against to any part of machine
In the case of loss or damage from perils insured against to any part of machine, consisting when complete for sale or use of several parts, the Insurer shall be liable only for the insured value of the part lost…
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage caused by or resulted from Third Party or General Public Liability.
If the property hereby insured shall on the happening of any loss or damage be collectively of greater value than the sum insured thereon, then the Insured shall be considered as being his own insurer for the difference, and shall…
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage to equipment licensed for highway use, aircraft or watercraft.
Loss or damage to tyres or tubes due and confined to blow out, bruises, cuts or other causes inherent in the use of equipment, unless such damage is the result of other loss covered by this Policy.
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage to the canopy unless such loss or damage is caused by the equipment overturning.
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage caused by dampness or atmosphere or extreme of temperature
Loss or damage caused by neglect of the Insured to use all reasonable means to save and preserve the property at and after any disaster insured against.
Loss or damage caused by breakage during installation, repairing or dismantling, nor breakage during transportation unless caused by fire, lightning, collision, derailment or overturning vehicles.
Heavy Equipment Insurance Apa itu Heavy Equipment Insurance? Heavy Equipment Insurance atau asuransi Alat Berat yang sering disingkat dengan HE adalah program asuransi khusus untuk segala jenis alat berat yang digunakan di proyek, tambang, perkebunan, pelabuhan atau lokasi lainnya. Ciri-ciri…
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage caused by wear and tear or gradual deterioration.
Consequential loss or damage of any kind.
Ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel and, solely for the purpose of this General Exception, combustion shall include any self sustaining process of nuclear fission.
Any accident, loss, damage or expense directly or indirectly caused by or arising from or in consequence of or contributed to by : nuclear weapon material
Any accident, loss, damage or expense occasioned by or through or in consequence, directly or indirectly of confiscation, commandeering, requisition or destruction of or damage to the property by order of the Government de jure or de facto or any…
Earthquake, volcanic eruption, landslide, flood, tsunami, typhoon or another symptom of geology or meteorology and Excluded Perils.
Mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, military or usurped power
The Insurer shall not be liable in respect of : Any accident, loss, damage, expense occasioned by or through or in consequence either directly or indirectly of : War, invasion, act of foreign enemy, hostilities warlike operations (whether war be…
That the Insurer shall, subject to the terms, exceptions and conditions contained herein or endorsed indemnify the Insured against loss of or damage to the property described in the Schedule hereto, caused by ALL PERILS except provided herein.