TEMPORARY REMOVAL CLAUSE #
It is hereby agreed that the property insured but this Policy (other than any stock in trade or merchandise) is covered in respect of the perils hereby insured against whilst temporarily removed for cleaning renovation, repair or other similar purposes elsewhere on the same premises or any other premises in the Republic of Indonesia and in transit thereto and therefrom by road, rail or inland waterway.
Provided always that:
- The amount recoverable under this Memorandum in respect of the property so removed shall exceed the amount which would have been recoverable had the loss occurred in that part of the premises from which the property is temporarily removed nor in respect of any loss occurring elsewhere than at the said premises, 10% of the sum Insured by this policy after deducting therefrom the value of any building (Exclusive of fixture and fitting), stock in trade or merchandise hereby insured.
- This extension does not apply to property if and so far it is otherwise insured.
- As regards, losses occurring elsewhere than at the premises from which the property has temporarily removed this extension does not apply to:
- Motor vehicle and Motor chassis licensed for normal road use
- Property held by the Insured in trust, other than Machinery and plant.
This clause is subject otherwise to all the terms and conditions the policy to which it is attached.
Leave A Comment
You must be logged in to post a comment