Page 404 - Misc Ebook IC 78
P. 404
The Insurance Times
(iv) mechanical derangement, mechanical or electrical
breakdown, unless caused by an insured peril.
(v) loss or damage by war and allied perils
(vi) liability assumed by the insured by agreement, unless
such liability would have devolved on the insured
notwithstanding such agreement.
(vii) loss, damage or liability arising from ionising radiations
or nuclear weapons material.
Premium is charged at a rate percent of the value of the
apparatus.
(c) Plate Glass Insurance Policy - this policy generally
provides cover against the breakage of the plate glass
fixed to the display windows or the showcases of the
commercial establishments by any reason, except those
that are specifically excluded by the policy. Breakage is
normally are excluded for the following reasons:
(i) Fire or explosion.
(ii) Earthquake or such other convulsions of nature and
(iii) Riot, strikes, war and kindred risks. Riots and strikes
however can be covered on the payment of
additional premium.
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