Page 383 - Fire Insurance Ebook IC 57

The Insurance Times

due to clerical or accounting error.
(xii) Coastal or river erosion.
(xiii) Normal settlement or bedding down of new

structures.
(xiv) Damage caused by

(a) wilful act or negligence of the insured.
(b) Cessation of work, delay, consequential loss.

(xv) Damage occasioned directly or indirectly by war
and kindred perils, nuclear and atomic perils.

Q5. Write a note in respect of Industrial All Risks
policy.

Ans. (a) Clauses - Following clauses have to be attached to
the policy, and the insured will either have to adjust
or provide additional Sum Insured where required.

(i) Agreed Bank Clause.
(ii) Architects', Surveyors', and Consulting Engineers'

Fees Clause.
(iii) Designation of Property Clause.
(iv) Omission to Insure Additions, Alterations or

Extension Clause.

(b) Compulsory deductibles - There are two

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