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MR 14019 – Special Insurance Cover: Radioactive Substances

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SPECIAL INSURANCE COVER: RADIOACTIVE SUBSTANCES

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
    Clause 3.4.6 of the Exclusions at Section I – Project Works shall be deleted and replaced by the following wording:
    “3.4.6 any loss or damage resulting from any release, discharge or dispersal of nuclear material or radioactive substances, contaminants or pollutants, proximate or remote. But the Insurer shall indemnify the Insured in respect of the additional expenses incurred for cleanup, repair, replacement or disposal of any damaged, contaminated or polluted Property Insured following a sudden and accidental Occurrence of loss or damage due to radioactive substances which are used or present for taking out the construction and erection works on the insured premises subject to the limit of indemnity specified in this endorsement unless excluded by clauses 7.1.4, 7.1.5 and 7.1.6 of the Exclusions applicable to all Sections or due to perils which are not covered by the Policy.”

    Limit of indemnity:                         Limit on first loss basis and in the aggregate
    Deductible:                                      each and every loss/Occurrence

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