Page 97 - Agriculture Policy Wording Binder

Business All Risks
SPECIFIC EXCEPTIONS
The Company shall not be liable for:
1. loss of or damage to property resulting from or caused by:
1.1 theft from any unattended vehicle unless:
1.1.1 the property is concealed in a completely closed and securely locked vehicle; or
1.1.2 the vehicle itself is housed in a securely locked building; and
1.1.3 entry to or exit from such locked vehicle or building is accompanied by visible signs of forcible and violent entry or exit;
1.2 its undergoing a process of cleaning, repair, dyeing, bleaching, alteration or restoration;
1.3 inherent vice or defect, vermin, insects, damp, mildew or rust;
1.4 the dishonesty of any principal, partner, director or employee of the Insured whether acting alone or in collusion with others;
1.5 detention, confiscation or requisition by Customs or other officials or authorities;
1.6 breakage of articles of a brittle nature unless such breakage is caused by burglars, thieves or fire;
1.7 loss by leakage of any liquid from the receptacle in which it is contained;
1.8 theft or any attempt thereat or damage from any contract site after normal business hours unless the property insured is contained in a securely locked building and the loss is accompanied by forcible, visible and violent entry into or exit from the building containing the property insured;
1.9 theft or disappearance which is not identifiable with a specific incident.
2. wear and tear or gradual deterioration (including the gradual action of light or climatic or atmospheric conditions) unless following an accident or misfortune not otherwise excluded;
3. loss or damage for which provision is made in any guarantee or service contract, in any contract of purchase or lease agreement or hire purchase or financing agreement or in any other agreement of whatever nature regarding the insured property;
4. loss of or damage to irrigation pipes, electrical motors and other pumping equipment which are situated below the normal flood levels of rivers and streams;
5. loss of or damage to wine and related products;
6. loss of or damage to drones while in flight
7. mechanical, electronic or electrical breakdown, failure, breakage or derangement unless caused by an accident or misfortune not otherwise excluded;
8. loss of or damage to cash, bank and currency notes, coins, bonds, coupons, stamps, negotiable instruments, title deeds, manuscripts or securities of any kind;
9. loss of or damage to goods consigned under a bill of lading.
SPECIFIC CONDITIONS Average
If the total value of property insured which is not separately and individually specified is, at the time of the happening of any loss or damage to such property, of greater value than the sum insured thereon, the insured shall be considered as being his own insurer for the difference and shall bear a rateable share of the amount of the loss or damage. Each item of the schedule covering such property shall be separately subject to this condition.
Certified liquid nitrogen insemination flasks
In respect of a certified liquid nitrogen insemination flasks and contents insured under this Section the Company shall be liable for loss of or damage to the flask and contents arising from breakdown of the flask due to loss of vacuum;
PROVIDED THAT:
1. the Company will not be liable for any gradual deterioration including the action of light, atmospheric or climatic conditions
2. the Insured strictly comply with the specifications as per the manufacturer.
Policy Wording – Agriculture – Binder – Version 2 2023 Page | 95