Recovery Charges Clause

RECOVERY CHARGES CLAUSE #

In the event of indemnifiable loss or damage occurring as provided in the Policy and the Heavy Equipment Insured becoming accidentally immobilized in any physical situation where is working, cover under the Policy shall extend to include necessary costs of recovery and/or withdrawal of such item(s) but not exceeding 5% of Total Sum Insured, Maximum IDR. 25,000,000,-  anyone item  (or equivalent amount of rupiah, based on the effective currency rate exchange on the inception date of certificate, provided the Total Insured Value is stated in rupiahs) in any one claim or occurrence.

These costs are indemnifiable in addition to the Sum Insured as shown in the Policy schedule.