Page 364 - Fire Insurance Ebook IC 57
P. 364

Fire and Consequential Loss Insurance

Excluded property

1] Money etc
2] Goods held in trust/commission unless specifically stated.
3] a) Vehicles, caravans, trailers licensed for road use, railway

          locomotives or rolling stock, watercraft, aircraft, spacecraft
          or the like.
     b) Property in transit other than within the premises specified in
          the Schedule.
     c) property or structures in course of demolition construction
          or erection and materials or supplies in connection therewith.'
     d) land, driveways, pavements, roads, runways, railway lines,
          dams, reservoirs, canals, rigs, wells, pipelines, tunnels,
          bridges, docks, piers, jetties, excavations, wharves, mining,
          property underground, off-shore property, unless specifically
          covered.
     e) livestock, growing crops, or trees
     f) property damaged as a result of its undergoing any process
     g) property undergoing alteration repair testing installation or
          servicing including materials and supplies.
     h) property more specifically insured
     i) property insured if removed to any building other than as
          stated in the policy.
     j) property which would have been insured under marine policy.

Clauses
a) Agreed Bank Clause
b) Architects', Surveyors' and Consulting Engineers' Fees Clause
c) Designation of Property Clause
d) Omission to Insure Additions, Alterations or Extensions Clause

Sashi Publications - www.sashipublications.com  377

Copyright@ The Insurance Times. 09883398055 / 09883380339
   359   360   361   362   363   364   365   366   367   368   369