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…
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…
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…
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…
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.
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…
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…
Should the Vessel at the expiration of this insurance be at sea or in distress or at a port of refuge or of call, she shall, provided previous notice be given to the Underwriters, be held covered at a pro…
Unless expressly stated to the contrary, the Insurer shall not be liable for : Loss or damage caused by wear and tear or gradual deterioration.
