---
title: "MR 1368 – Special Conditions: Waiver of Underinsurance"
description: "## SPECIAL CONDITIONS: WAIVER OF UNDERINSURANCE This endorsement forms part of section 1 and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon. **1. Condition ** 1.1. Clause 10.2 under “Conditions…"
url: "https://datapolis.id/database/perasuransian/mr-1368-special-conditions-waiver-of-underinsurance/"
updated: "2018-10-10"
category: Klausula Polis / Engineering
---

# MR 1368 – Special Conditions: Waiver of Underinsurance

## SPECIAL CONDITIONS: WAIVER OF UNDERINSURANCE

This endorsement forms part of section 1 and is subject otherwise to the terms, provisions, conditions and exclusions contained in the policy of insurance or endorsed thereon.

**1. Condition **

1.1. Clause 10.2 under “Conditions for loss settlement” shall be deleted, provided that

1.1.1. the sum insured at the initial commencement date of this insurance shall fully comply with paragraph 4 “Sum insured”.
 1.1.2. at each renewal date the premium as well as the sum insured shall be adapted to the changes in the official price/inflation indices for buildings, machinery and cost of labour by applying these indices in a proportion equivalent to the value composition of the property insured.