fbpx

MR 14119 – Special Insurance Cover: Property Belonging to or Held in the Care, Custody or Control of the Insured

818

Search Knowledge Base by Keyword

You are here:
< Back

SPECIAL INSURANCE COVER: PROPERTY BELONGING TO OR HELD IN THE CARE, CUSTODY OR CONTROL OF THE INSURED

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
    The Insurer shall indemnify the Insured up to the Sum Insured specified below in respect of physical loss of or damage to property other than the Property Insured under Section I belonging to or held in the care, custody or control of the Insured which the Insured could not reasonably have foreseen and which is caused by or arises out of the execution of the Insured Contract(s) as set forth in the Schedule and which is covered under Section I.
  1. Deductible
    In respect of each and every Occurrence of loss or damage, the Insurer shall not be liable for the Deductible specified below.

    Property Insured:
    Sum Insured:
    Or
    Limit of Indemnity:                         Limit on first loss basis and in the aggregate
    Deductible:                                      each and every loss/Occurrence

Comments are closed.