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MR 14004 – Special Insurance Cover: Extended Maintenance Cover

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SPECIAL INSURANCE COVER: EXTENDED MAINTENANCE COVER

This Endorsement forms part of Section I

and is subject otherwise to the terms, provisions, conditions, limitations and exclusions contained in the Policy or endorsed thereon except for the following:

  1. Indemnification
    1.1 The Insurer shall indemnify the Insured in respect of loss of or damage to Property Insured which occurred during the Period specified hereunder which
    1.1.1 was caused by an insured contractor in the course of any operations carried out by the Insured contractor for the purpose of complying with its obligations under the provisions of the Insured Contract(s), or
    1.1.2 was caused on the Site during the Construction and Erection Period or during the Testing Period.
  1. Deductible
    In respect of each and every Occurrence of loss or damage, the Insurer shall not be liable for the Deductible specified below.
  1. Definitions
    Defects Liability Period means a period during which the insured contractor(s) comply with its obligations to complete outstanding work and remedy defects pursuant to the provisions of the Insured Contract(s).
  1. Period of Extended Maintenance Cover
    4.1 The Extended Maintenance Cover shall commence for each item of Property Insured on the date it has been taken into use or into occupation or on the date a Taking-over Certificate has been issued or is deemed to have been issued, whichever is the earlier.
    4.2 The Extended Maintenance Cover for each item of Property Insured shall cease upon expiry of the Period or the expiry date specified below, whichever is the earlier.

    Extended Maintenance Cover:                  months
    Deductible:                                                  each and every loss/Occurrence

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