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Automatic Capital Additions Clause

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AUTOMATIC CAPITAL ADDITIONS CLAUSE

The insurance by this Policy shall, subject to its terms and conditions extend to cover:

  • Any newly acquired buildings, machinery, and other equipment in so far as the same are not otherwise insured, and
  • Alterations, additions, and improvements to buildings, machinery, and other equipment

During the current period of insurance at any of the premises hereby insured, provided that:

  • at any one location this increase shall not exceed 10% of the total sum insured on such item;
  • the Insured advise the Insurers within three months of the particulars of any such capital additions and pay

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