INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(759, '1,6', 'PAL-AIR-PHIL-CLA', 'PAL AIR PHIL CLAUSES AND WARRANTIES', '<p>DEFERRED PREMIUM ENDORSEMENT</p>\n\n<p>IT IS UNDERSTOOD AND AGREED that as a condition precedent to this insurance and compliance with the<br />\nInsurance Commisioner&#39;s 17 January 1980 Circular, the premium payment under this policy shall be due and payable on or before the<br />\nspecified dates mentioned below:-</p>\n\n<p><br />\nIT IS FURTHER UNDERSTOOD AND AGREED that in the event of any installment not being paid on its due<br />\ndate, the cover afforded by this policy shall be deemed to have ceased at midnight of such due date.</p>\n\n<p>PROVIDED FURTHER, that in the event<br />\nof loss covered hereunder during the currency of this policy, all further installments shall immediately become due and payable and the<br />\nCompany shall be entitled to take credit thereof.</p>\n\n<p>80% AVERAGE RELIEF CLAUSE</p>\n\n<p>It is hereby declared and agreed that no average will apply if<br />\nthe adjusted amount of loss due to a peril insured against is 80% of the basis of indemnity. &nbsp;This clause shall be effected after the<br />\napplication of the Devaluation Clause and Automatic increase provisions have been applied.</p>\n\n<p><br />\nACT OR NEGLECT CLAUSE<br />\n&nbsp;<br />\nThis policy shall not be<br />\nprejudiced by reason of any act or neglect of the owner[s] of the building[s] if the Assured is not the owner thereof, or by any act or<br />\nneglect of any occupant of the building[s], except for the named Assured when such act or neglect of the owner or occupant is not within<br />\nthe control of the Assured.</p>\n\n<p>ALTERATIONS AND REPAIRS<br />\n&nbsp;<br />\nWorkmen are allowed to work in, or or around the Premises for the purposes of<br />\ncompleting minor additions and/or alterations and/or decorations and repairs without prejudice to this insurance.</p>\n\n<p><br />\nAPPRAISEMENT CLAUSE<br />\n&nbsp;<br />\nIf<br />\nthe aggregate claim for any one loss does not exceed P50,000,000.00 or five percent [5%] of the Sum Insured of the item or items<br />\naffected under the Damage Section [Section I] whichever is the less amount, no special inventory or appraisement of the undamaged<br />\nproperty shall be required.</p>\n\n<p>If two or more buildings be included is a single item, this provision shall apply to the range of buildings<br />\nand/or contents by the item or items affected.</p>\n\n<p>AUTOMATIC INCLUSION CLAUSE<br />\n&nbsp;<br />\nIt is agreed that Insurers automatically cover any additional<br />\nnew location / project to be used or occupied by the insured in transacting or performing its business and any location that is<br />\ninadvertently missed, subject to a limit of ten percent [10%] of Total Sum Insured and should be declared within sixty [60] days upon<br />\nturn-over, acceptance and/or occupancy.</p>\n\n<p>This provisions shall be automatically reinstated after application.</p>\n\n<p>AUTOMATIC INCREASE CLAUSE<br />\n(10%)<br />\n&nbsp;<br />\nThis Policy extends to cover amount representing increase in value. In excess of the sum insured up to ten percent (10%) over the<br />\nexisting cover limit, it being understood that the Insured undertakes to advise such addition amounts within sixty (60) days or as soon<br />\nas practicable and to pay the additional premium required from date of inception thereof, and thereupon this Policy shall be endorsed<br />\naccordingly. &nbsp;Following endorsement of any additional amounts, the provisions of this memorandum are fully reinstated.</p>\n\n<p><br />\nBROAD WATER<br />\n&nbsp;DAMAGE ENDORSEMENT</p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that notwithstanding what is stated in the printed conditions of this policy or any<br />\nendorsements to the contrary, the insurance under this policy shall extend to include loss of or damage caused by :</p>\n\n<p>1) Accidental<br />\ndischarge, leakage or overflow of water/steam from plumbing, septic tank, heating&nbsp;systems, elevated and/or underground tanks and<br />\ncylinders, standpipes for fire hose, industrial and domestic appliances, refrigerating system, air-conditioning system and rain admitted<br />\nthrough defective windows, show windows, picture windows, doors, transoms, ventilators or&nbsp;skylights;</p>\n\n<p>2) Breakage of, or leakage from<br />\nstreet water supply mains of fire hydrants</p>\n\n<p>3) Accidental discharge or leakage of refrigerator from air-conditioning or refrigeration<br />\nsystems. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided that :</p>\n\n<p>1) The Insured undertakes<br />\nto exercise all ordinary and reasonable precautions for the maintenance&nbsp;and safety of the property;</p>\n\n<p>2) All conditions of this policy<br />\nshall apply (except insofar as they may be hereby expressly varied) and&nbsp;that reference therein to loss or damage by fire shall be deemed<br />\nto apply also to loss or damage&nbsp;as aforementioned;</p>\n\n<p>3) The liability of the company under this endorsement shall in no case exceed the sum<br />\ninsured by&nbsp;each item of the policy. &nbsp;</p>\n\n<p><br />\nBURSTING AND/OR OVERFLOWING OF WATER TANKS, APPARATUS OR PIPES<br />\n&nbsp;<br />\nDirect loss or damage occasioned by<br />\naccidental bursting and/or overflowing of water or steam from plumbing systems, tanks, heating systems, elevator tanks and cylinders,<br />\nrefrigerating systems and air-conditioning system excluding loss or damage to the system, tanks or cylinders themselves unless provided<br />\nfor elsewhere in the Policy. Cover shall extend to direct loss or damage caused by breakage of or leakage from street water supply mains<br />\nor fire hydrants.</p>\n\n<p><br />\nCAPITAL ADDITION CLAUSE</p>\n\n<p>Subject to Policy terms and conditions, this Policy shall extend to cover:</p>\n\n<p>1. &nbsp;Any newly acquired<br />\nbuilding, machinery and plant insofar as the same are not insured.</p>\n\n<p>2. &nbsp;Alterations, additions and improvements to buildings, machinery<br />\nand plant during the correct period of insurance at any of the premises hereby insured provided that a] at any one situation this cover<br />\nshall not exceed 10% of the total sum insured on such property; and b] the Assured undertakes to provide details of such capital<br />\nadditions within 60 days from the start of the said activity and pay such additional premium as the insurer/Alliedbankers Insurance<br />\nCorporation may require.&nbsp;</p>\n\n<p><br />\nCOMPREHENSIVE GENERAL LIABILITY<br />\nThe ALLIEDBANKERS INSURANCE CORPORATION (hereinafter called &quot;the Company&quot;)<br />\nagrees with the Insured, named in the declarations made a part hereof, in consideration of the payment of the premium and in reliance<br />\nupon the statements in the declarations and subject to the limits of &nbsp;liability, exclusions, conditions and other &nbsp;terms of the policy.<br />\nINSURING AGREEMENTS<br />\nI. &nbsp;&nbsp;&nbsp;Coverage A - Bodily Injury Liability<br />\nTo indemnify the Insured for all sums which the Insured shall become<br />\nlegally obligated to pay as damages for bodily injury, sickness or disease, including death at any time resulting therefrom , sustained<br />\nby any &nbsp;person caused by accident and arising out of the hazards hereinafter defined as are indicated by specific premium charge in the<br />\nDeclarations.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coverage B - Property Damage Liability<br />\nTo indemnify the Insured for all sums which the Insured shall become legally<br />\nobligated to pay as damages for injury to or destruction of property, including the loss of use thereof, caused by accident and arising<br />\n&nbsp;out of the hazards hereinafter defined as are indicated by specific premium charge in the declarations.<br />\nII. &nbsp;&nbsp;&nbsp;Defense, Settlement,<br />\nSupplementary Payments<br />\nAs respects the Insurance afforded by the other terms of this policy the company shall:<br />\n(a) &nbsp;&nbsp;&nbsp;defend any civil<br />\nsuit against the Insured alleging such injury, sickness, disease or destruction and seeking damages on account thereof, even if suit is<br />\ngroundless, false or fraudulent; but the company may make such investigation, negotiation and settlement of any claim or suit as it<br />\ndeems expedient;<br />\n(b) &nbsp;&nbsp;&nbsp;pay all premium on bonds to release attachments for an amount not in excess of the applicable limit of liability<br />\nof this policy; all premiums on appeal bonds required in any such defended suit, but without any obligation to apply for or furnish any<br />\nsuch bonds;<br />\n(c) &nbsp;&nbsp;&nbsp;pay all expenses incurred by the Insured, all costs taxed against the Insured in any such suit and all interest<br />\naccruing after entry of judgment until the Company has paid, tendered or deposited in court part of such judgment as does not exceed the<br />\nlimit of Company&#39;s liability thereon:<br />\n(d) &nbsp;&nbsp;&nbsp;pay expenses incurred by the Insured for such immediate medical and surgical relief to<br />\nothers as shall be imperative at the time of the accident: &nbsp;and<br />\n(e) &nbsp;&nbsp;&nbsp;reimburse the Insured for all reasonable expenses, incurred at the<br />\nCompany&#39;s request.<br />\nIII. &nbsp;&nbsp;&nbsp;&nbsp;Definition of Insured<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The unqualified word &#39;Insured&#39; includes the named Insured and also includes any<br />\npartner, executive officer, director or &nbsp;stockholder thereof while acting within the scope of his duties as such.<br />\nIV. &nbsp;&nbsp;&nbsp;&nbsp;Automatic<br />\nInsurance for Additional Premises Operations and Elevators<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such insurance as is &nbsp;afforded under Division 1 of the Definition of<br />\nHazards applies also to additional or changed operations at the premises and to other premises and property of which the named Insured<br />\nacquires ownership or control and to property rented to or located for use by others away from the premises, and such insurance as is or<br />\ncan be afforded under Division 2 applies to elevators newly installed at the premises and to elevators at such other premises,<br />\nprovided:<br />\n(a) &nbsp;&nbsp;&nbsp;the named Insured notifies the company within fifteen (15) days after the commencement of each such additional hazard to<br />\nwhich he wishes the Insurance to apply;<br />\n(b) &nbsp;&nbsp;&nbsp;this paragraph does not apply to any loss against which the name Insured has other valid<br />\nand collectible insurance; &nbsp;and<br />\n(c) &nbsp;&nbsp;&nbsp;if no limits of liability are stated in the declarations for Division 2 of the Definition of<br />\nHazards, the limits of liability applicable to the premises shall apply to elevators thereon.<br />\nV. &nbsp;&nbsp;&nbsp;Policy Period, Territory<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This<br />\npolicy applies only to accidents which occur during the policy period within the territory mentioned in Item 2 of the Declarations.<br />\nDEFINITION OF HAZARDS<br />\n1. &nbsp;&nbsp;&nbsp;Premises - Operations. The ownership, maintenance or use, for the purposes stated in the Declarations, of the<br />\npremises and all operations which are necessary or incidental thereto and, when described as such in the Declarations, new construction<br />\nor demolition operations changing the size of or moving buildings or other structures by the Insured.<br />\n2. &nbsp;&nbsp;&nbsp;Elevators.The ownership,<br />\nmaintenance or use, for the purpose stated in the declarations, of any elevator therein.<br />\n3. &nbsp;&nbsp;&nbsp;Independent Contractors. &nbsp;Operations<br />\nperformed for the Insured by independent contractors, and omissions or supervisory acts of the Insured in connection therewith, other<br />\nthan maintenance, repairs, alterations at the premises.<br />\n4. &nbsp;&nbsp;&nbsp;Products<br />\n(a) &nbsp;&nbsp;&nbsp;The handling or use of or the existence of any conditions in<br />\ngoods or products manufactured, sold, handled or distributed by the named Insured, other than equipment rented to or located for use of<br />\nothers but not sold, if the accident occurs after the Insured has relinquish possession thereof, and away from the premises: &nbsp;and<br />\n(b) &nbsp;&nbsp;<br />\n&nbsp;Operations contemplated under Divisions 1 and 2 of the Definition of Hazards other than (i) &nbsp;pick-up and delivery, or, &nbsp;(ii) the<br />\nexistence of tools, uninstalled equipment and abandoned or &nbsp;unused materials, if the accident occurs after such operations have been<br />\ncompleted or abandoned at the place of occurrence thereof and away from the premises, provided, &nbsp;operations shall not be deemed<br />\nincomplete because improperly or defectively performed or because further operations may be required pursuant to a service or<br />\nmaintenance agreement.<br />\n5. &nbsp;&nbsp;&nbsp;Contractual. &nbsp;&nbsp;The express undertakings of the named Insured contained in endorsement forming a part of the<br />\npolicy.<br />\nE X C L U S I O N S<br />\nThis policy does not apply:<br />\n(a) &nbsp;&nbsp;&nbsp;Under Divisions 1, 2 and 3 of the Definition of Hazards, to liability<br />\nassumed by &nbsp;the Insured under any contract or agreement or under Division 4, to liability of others assumed by the Insured under any<br />\ncontract of agreement:<br />\n(b) &nbsp;&nbsp;&nbsp;Under Division 1 of the Definition of Hazards.<br />\n(1) &nbsp;&nbsp;&nbsp;to elevators at buildings owned, rented or controlled<br />\nentirely by the Insured, and elevators operated, maintained or controlled by the Insured at premises owned, leased or controlled in part<br />\nby the Insured:<br />\n(2) &nbsp;&nbsp;&nbsp;to the ownership, maintenance or use, including loading or unloading, of (i) aircraft by or in the interest of the<br />\nInsured, or (ii) &nbsp;while away from the premises as defined herein, watercraft, power driven or animal drawn vehicles, dogs owned by the<br />\nInsured, draft or saddle animals, including vehicles attached thereto: vehicles from which merchandise is sold; and any other vehicles<br />\nwhile rented to another, unless such hazards are described in the declarations or an endorsement forming a part hereof;<br />\n(3) &nbsp;&nbsp;&nbsp;to hazards<br />\nwhich are or can be insured under Division 4 of the Definition of Hazards; &nbsp;and<br />\n(4) &nbsp;&nbsp;&nbsp;to the ownership or maintenance of property &nbsp;away<br />\nfrom the premises and property rented to or located for use by others or to operations in connections therewith, unless such hazards are<br />\ndescribed in the declarations or an endorsement forming a part thereof;<br />\n(c) &nbsp;&nbsp;&nbsp;Under Coverage A, to bodily injury to or sickness, disease<br />\nor death of any employee of the Insured while engaged in the employment of the Insured, or &nbsp;to any obligation for which the Insured or<br />\nany company as his Insurer may be held liable under any workmen&rsquo;s compensation law:<br />\n(d) &nbsp;&nbsp;&nbsp;Under coverage B, to injury to or destruction<br />\nof<br />\n(1) &nbsp;&nbsp;&nbsp;property owned, occupied or used by or rented to the Insured, or<br />\n(2) &nbsp;&nbsp;&nbsp;except with respect to liability assumed under sidetrack<br />\nagreements and the use of elevators covered by this policy, property in the care, custody or control of the Insured, or<br />\n(3) &nbsp;&nbsp;&nbsp;with<br />\nrespect to Division 4 of the Definition of Hazards, any goods or products manufactured, sold, handled or distributed or premises<br />\nalienated by the named Insured, or work completed by or for the named Insured, out of &nbsp;which the accident arises:<br />\n(e) &nbsp;&nbsp;&nbsp;Under Coverage<br />\nB, with respect to Division 1 of the Definition of Hazards, to<br />\n(1) &nbsp;&nbsp;&nbsp;the discharge, leakage or overflow of water or steam from plumbing,<br />\nheating, refrigerating or air-conditioning systems, elevator tanks or cylinders,standpipes for the hose, or industrial or domestic<br />\nappliances, or any substance from automatic sprinkler systems.<br />\n(2) &nbsp;&nbsp;&nbsp;the collapse or fall of tanks or the component parts or supports<br />\nthereof which form a part of automatic sprinkler systems, or<br />\n(3) &nbsp;&nbsp;&nbsp;rain or snow admitted directly to the building interior through<br />\ndefective roofs, leaders or spouting, or open or defective doors, windows, skylights, transoms or ventilators.<br />\nIn so far as any of these<br />\noccur on or from premises owned or rented by the named Insured and injure or destroy buildings or contents thereof.<br />\n*This exclusion does<br />\nnot apply to any premises described in the declarations of this policy as &quot;apartment-one apartment&quot;, &quot;dwellings-two family&quot;, &quot;farms&quot; or<br />\n&nbsp;&quot;private residences&quot;.<br />\nC O N D I T I O N S<br />\nA. &nbsp;&nbsp;&nbsp;Premium<br />\nThe premium bases and rates for the hazards described in the Declarations are<br />\nstated therein. &nbsp;Premium bases and rates for hazards not so described are those applicable in accordance with the manuals in use by the<br />\nCompany.<br />\nSuch premiums as may be stated in the Declarations for Division 2 and 4 of the Definition of Hazards and for such<br />\nclassifications in Division 1 for which the premium basis is stated as &quot;receipts&quot;, &quot;admissions&quot; or &quot;units&quot; are estimated premiums only.<br />\n&nbsp;After each anniversary and upon termination of this policy, the earned premium for such insurance as is afforded for these hazards<br />\nshall be computed in accordance with the Company&#39;s rules, rates, rating plans and minimum premiums applicable to this insurance. &nbsp;If the<br />\nearned premium thus computed exceeds the estimated advance premiums paid for these hazards, the named Insured shall pay the excess to<br />\nthe Company; &nbsp;if less, the company shall return to the name Insured the unearned portion paid by such Insured.<br />\nWhen used as a premium<br />\nbasis:<br />\n(1) &nbsp;&nbsp;&nbsp;the word &quot;remuneration&quot; means<br />\n(a) &nbsp;&nbsp;&nbsp;the entire remuneration earned during the policy period by all employees of the named<br />\nInsured, other than drivers of teams or automobiles and aircraft pilots and co-pilots, subject to any overtime earnings or limitation of<br />\nremuneration rule applicable in accordance with the manuals in use by the company, and subject with respect to each executive officer to<br />\na maximum and a minimum of P200 and P60 per week, and<br />\n(b) &nbsp;&nbsp;&nbsp;the remuneration of each proprietor at a fixed amount of P4,000 per annum:<br />\n(2) &nbsp;&nbsp;&nbsp;the word &ldquo;receipts&rdquo; means the gross amount of money charged by the named Insured for such operations by the named Insured or by<br />\nothers during the policy period as are rated on a receipts basis, and includes taxes, other than taxes which the named Insured collects<br />\nas a separate item and remits directly to a governmental division:<br />\n(3) &nbsp;&nbsp;&nbsp;the word &ldquo;admissions&rdquo; shall mean the total number of persons<br />\nadmitted during the policy period, whether on paid tickets or otherwise for the purpose of witnessing performances or other events.<br />\n(4) &nbsp;&nbsp;<br />\n&nbsp;the word &ldquo;cost&rdquo; means the total cost of all operations performed for the named Insured during the policy period by independent<br />\ncontractors on each separate project, including materials used or delivered for use, except maintenance or ordinary alterations and<br />\nrepairs on premises owned or rented by the named Insured:<br />\n(5) &nbsp;&nbsp;&nbsp;the word &ldquo;sales&rdquo; means the gross amount of money charged by the named<br />\nInsured &nbsp;or by others trading under his name for all goods and products sold or distributed during the policy period and charged during<br />\nthe policy period for installation, servicing or repair, and includes taxes, other than taxes which the named Insured and such others<br />\ncollect as a separate item and remit directly to a governmental division.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The named Insured shall maintain for each hazard<br />\nrecords of the information necessary for premium computation on the basis stated in the Declarations.<br />\nB. &nbsp;&nbsp;&nbsp;Inspection and Audit<br />\nThe<br />\ncompany shall be permitted to inspect the premises, operations and elevators and to examine and audit the Insured&rsquo;s books and records at<br />\nany time during the policy period and any extension thereof and within three years after the final termination of &nbsp;this policy, as far<br />\nas they relate to the premium bases or the subject matter of this insurance.<br />\n72 &nbsp;&nbsp;&nbsp;Definitions<br />\n(a) &nbsp;&nbsp;&nbsp;Premises - Operations. &nbsp;The<br />\nunqualified word &quot;premises&quot; wherever used in this policy &nbsp;means the premises designated in the Declarations and premises to which this<br />\npolicy may apply by operation of Insuring Agreement IV including buildings and structures thereon and except as respects the ownership,<br />\nmaintenance or use of watercrafts and the loading or unloading &nbsp;thereof, the ways immediately adjoining.<br />\nClassifications covering<br />\npremises include without additional charge, any premises alienated by the named Insured, including elevators located thereon, after the<br />\nInsured has relinquished &nbsp;possession of such premises, except premises over which the Insured has any right or control or which were<br />\nconstructed by the Insured for sale.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;The terms &quot;operations&quot; as respects Divisions 1 and 2 of the Definition of Hazards includes<br />\npick-up and delivery installation, servicing, removal or demonstration, and, &nbsp;as respects accidents (except accidents due to misdelivery<br />\n) which occur after the completion or abandonment of such operations, pick-up or delivery operations or the existence of tools,<br />\nuninstalled equipment and abandoned or unused materials.<br />\n(b) &nbsp;&nbsp;Power &nbsp;Driven Vehicles. &nbsp;The term &nbsp;&quot;Power Driven Vehicle&quot; shall not be<br />\ndeemed to include the following described equipment except while towed by or carried on a power driven vehicle not so described; any<br />\ncrawler type &nbsp;(continuous tread) &nbsp;tractor, ditch or trench digger, power crane or shovel, grader, scraper, roller, well-drilling<br />\nmachinery, asphalt spreader, concrete mixer, mixing and finishing equipment for highway work, other than a concrete mixer of the mix-<br />\nin-transit type, and, if not subject to motor vehicle registration, any equipment used principally on the premises, farm tractor or<br />\ntrailer.<br />\n(c) &nbsp;&nbsp;&nbsp;Elevator. &nbsp;The word &quot;elevator&quot; means elevators, escalators, hoists and appliances thereof including cars, platforms,<br />\nshafts, hoistways, runways, power equipment and machinery. &nbsp;The following shall not be deemed to be elevators: &nbsp;elevator shaftways in<br />\nwhich there are no elevators: &nbsp;dumbwaiters or special platform lifts as defined in the company&rsquo;s Elevator Liability Manual; hoists<br />\nlocated inside the walls of the building and not operated through hatchways or located outside the walls of the building and (1)<br />\nmanually operated or (2) mechanically operated and not attached to the building walls; hydraulic or mechanical hoists used for raising<br />\nor lowering automobiles for lubricating or servicing: hod or materials hoists used in alterations, construction or demolition<br />\noperations; escalators and conveyors used exclusively for freight. The named Insured agrees to maintain in use during the policy period<br />\nsuch hoistway door interlocks and car gate or car doorlocks or interlocks as are described in the Declarations and agrees further to use<br />\ndue care in maintaining the efficiency of such devices during the policy period. &nbsp;<br />\n(d) &nbsp;&nbsp;&nbsp;Assault and Battery. &nbsp;Assault and battery shall<br />\nbe deemed an accident unless committed by or at the direction of the Insured.<br />\nD. &nbsp;&nbsp;&nbsp;Limits of Liability Coverage A. &nbsp;The limit of bodily<br />\ninjury liability stated in the Declarations as applicable to &quot;each person&quot; is the limit of the company&#39;s liability for all damages,<br />\nincluding damages for care and loss of services, arising out of bodily injury, sickness or disease, including death at any time<br />\nresulting therefrom, sustained by one person in any &nbsp;one accident; the limit of such liability stated in the Declarations as applicable<br />\nto &nbsp;&quot;each accident&quot; is, subject to the above provisions respecting each person, the total limit of the company&rsquo;s liability for all<br />\ndamages, including damages for care and loss of services, arising out of bodily injury, sickness or disease, including death at any time<br />\nresulting therefrom, sustained by two or more persons in any one accident<br />\nE. &nbsp;&nbsp;&nbsp;Limits of Liability &nbsp;- &nbsp;Division 4 Definition of Hazards.<br />\n&nbsp;The limits of bodily injury liability and property damage liability stated in the Declarations as &nbsp;&quot;aggregate products&quot; &nbsp;are<br />\nrespectively the total limits of the company&#39;s liability for all damages arising out of the products hazard. &nbsp;All such damages arising<br />\nout of the one prepared or acquired lot of goods or products shall be considered as arising out of one accident.<br />\nF. &nbsp;&nbsp;&nbsp;Limits of<br />\nLiability Coverage B. The limit of property damage liability stated in the Declarations As &nbsp;&quot;aggregate operations&quot; &nbsp;is the total limit<br />\nof the company&#39;s liability for all damages arising out of injury to or destruction of property, including the loss of use thereof,<br />\ncaused by the ownership, maintenance or use or premises or operations rated upon a remuneration premium basis or by contractor&rsquo;s<br />\nequipment rated on a receipts premium basis.<br />\nThe limit of property damage liability stated in the Declarations as &quot;aggregate protective&quot;<br />\nis the total limit of the company&#39;s liability for all damages arising out of injury to or destruction of property, including the loss of<br />\nuse thereof, caused by operations performed for the named Insured by independent contractors or omissions or supervisory acts of &nbsp;the<br />\nInsured in connection therewith, except maintenance or ordinary alterations and repairs on the premises.<br />\nThe limit of property damage<br />\nliability stated in the Declarations as &quot;aggregate contractual&quot; is the total limit of the company&rsquo;s liability for all damages arising<br />\nout of injury to or destruction of property, including the loss of use thereof with respect to each contract.<br />\nG. &nbsp;&nbsp;&nbsp;Limits of Liability.<br />\n&nbsp;The inclusion herein of more than one insured shall not operate to increase the limits of the company&#39;s liability.<br />\nH. &nbsp;&nbsp;&nbsp;Notice of<br />\nAccident. &nbsp;When an accident occurs, written notice shall be given by or on behalf of the Insured to the company or any of its authorized<br />\nagents as soon as applicable. &nbsp;Such notice shall contain particulars sufficient to identify the Insured and also reasonably obtainable<br />\ninformation respecting the time, place and circumstances of the accident, the names and addresses of the injured and of available<br />\nwitnesses.<br />\nI. &nbsp;&nbsp;&nbsp;Notice of Claim or Suit. If claim or suit is brought against the Insured, the Insured shall Immediately forward to the<br />\ncompany every demand, notice, summons or other process received by him or his representative.<br />\nJ. &nbsp;&nbsp;&nbsp;Assistance and Cooperation of the<br />\nInsured. &nbsp;The Insured shall cooperate with the company and, upon the company&rsquo;s request, shall attend hearings and trials and shall<br />\nassist in effecting settlements, securing and giving evidence, obtaining the attendance of witnesses and in the conduct of suits. &nbsp;The<br />\nInsured shall not, &nbsp;except at his own cost, voluntarily make any payment, assume any obligation or incur any expense other than for such<br />\nimmediate medical and surgical relief to others as shall be imperative at the time of accident.<br />\nK. &nbsp;&nbsp;&nbsp;Action Against Company. &nbsp;No action<br />\nshall lie against the company unless, as a condition precedent thereto, the Insured shall have fully complied with all the terms of this<br />\npolicy, nor until the amount of the Insured&rsquo;s obligation to pay shall &nbsp;have been finally determined either by judgment against the<br />\nInsured after actual trial or by written agreement of the Insured, the claimant and the company.<br />\nAny person or organization or the legal<br />\nrepresentative thereof who has secured judgment or written agreement shall thereafter be entitled to recover under this policy to the<br />\nextent of the insurance afforded by this policy. &nbsp;Nothing contained in this policy shall give any person or organization any right to<br />\njoin the company as a co-defendant in any action against the Insured to determine the Insured&#39;s liability.<br />\nBankruptcy or insolvency of<br />\nthe Insured or of the Insured&#39;s estate shall not relieve the company of any of its obligations hereunder.<br />\nL. &nbsp;&nbsp;&nbsp;Other Insurance. &nbsp;If the<br />\nInsured has other Insurance against a loss covered by this policy the company &nbsp;shall not be liable under this policy for a greater<br />\nproportion of such loss than the applicable limit of liability stated in the Declarations bears to the total applicable limit of<br />\nliability of all valid and collectible insurance against such loss.<br />\nM. &nbsp;&nbsp;&nbsp;Subrogation. &nbsp;In the event of any payment under this policy,<br />\nthe company shall be subrogated to all the Insured&rsquo;s rights of recovery thereof against any person or organization and the Insured shall<br />\nexecute and deliver instruments<br />\nand papers and do whatever else is necessary to secure such rights. &nbsp;The Insured shall do nothing after<br />\nloss to&nbsp;<br />\nprejudice such rights.<br />\nN. &nbsp;&nbsp;&nbsp;Changes. &nbsp;Notice to any agent or knowledge possessed by any agent or by any other person shall not<br />\neffect a waiver or a change in any part of this policy or stop the company from asserting any right under the terms of this policy: nor<br />\nshall &nbsp;the terms of this policy be waived or changed except by endorsement issued to form a part of this policy and signed by an<br />\nauthorized representative of the company.<br />\nO. &nbsp;&nbsp;&nbsp;Assignment. Assignment of interest under this policy shall not bind the company until its<br />\nconsent is endorsed hereon: if, however, the named Insured shall die or be adjudged bankrupt or Insolvent within the policy period, this<br />\npolicy, unless cancelled, shall, if written notice be given to the company within sixty days after the date of such death or<br />\nadjudication, cover &nbsp;the named Insured&rsquo;s legal representative as the named Insured.<br />\nP. &nbsp;&nbsp;Cancellation. &nbsp;This policy shall not be<br />\ncancelled by or on behalf of the Company except in accordance with and pursuant to the provisions of Sections 64 and 65 of the Insurance<br />\nCode. In the event of such cancellation, the Company shall refund the paid premiums less the earned portion thereof the Insured.<br />\n&nbsp;Likewise, this policy maybe cancelled on the short rate basis set forth &nbsp;in the short rate cancellation table at the request of the<br />\nassured.<br />\nQ, Declarations. &nbsp;By acceptance of this policy the named Insured agrees that the statements in the Declarations are his<br />\nagreements and representations, that this policy is issued in reliance upon &nbsp;the truth of such representations and that this policy<br />\nembodies all agreements existing between himself and the company or any of its agents relating to this insurance.<br />\nR. &nbsp;&nbsp;&nbsp;Civil Code<br />\nWaiver.&nbsp;<br />\n&nbsp;IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of &nbsp;the Philippines (Republic Act No.<br />\n386) which reads:<br />\n&quot; In case an extraordinary inflation or deflation of the currency stipulated should supervene, currency at the time of<br />\nthe establishment of the obligation shall be the the value of the basis of payment,...&quot;<br />\nshall not apply in determining the extent of<br />\nliability under the provisions of this policy.<br />\nS. &nbsp;&nbsp;&nbsp;Action or Suit. &nbsp;If a claim be made and rejected and an action or suit be not<br />\ncommenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months from receipt of notice of<br />\nsuch rejection or, in case of an arbitration taking &nbsp;place as provided herein within twelve (12) &nbsp;months after due notice of the award<br />\nmade by the arbitrator, arbitrators or umpire then the claim shall for all purpose be deemed to have been abandoned and shall not<br />\nthereafter be recoverable thereafter.<br />\nT. &nbsp;&nbsp;&nbsp;Renewal. Unless the Company at least forty-five (45) days in advance at the end of the policy<br />\nperiod mails or delivers to the Assured at the address shown in the policy notice of its intention not to renew the policy or to<br />\ncondition its renewal upon reduction of limits or &nbsp;elimination &nbsp;of coverages, the Insured should be entitled to renew to policy upon<br />\npayment of the &nbsp;premium due on effective date of renewal.<br />\nU. &nbsp;&nbsp;&nbsp;Settlement of Claim. &nbsp;The amount of loss, damage or liability for which<br />\nthe Company may be liable shall be paid within thirty (30) days after the said formal written claim and proof of loss, damage of<br />\nliability is received by the Company and ascertainment of the loss, damage or liability is made either by agreement between the Insured<br />\nand the Company or by arbitration; but if such ascertainment is not had or made within sixty (60) days after such receipt by the Company<br />\nof the said formal written claim and proof of loss, then the loss, damage or liability shall be paid within ninety (90) days after such<br />\nreceipt.<br />\nV. &nbsp;&nbsp;&nbsp;Arbitration Clause.All differences as to the amount of any loss or damage covered by this policy shall be referred to the<br />\ndecision of an arbitrator to be appointed by the parties in difference or if they cannot agree upon a single arbitrator to the decision<br />\nof two arbitrators one to be appointed in &nbsp;writing by each of the parties within thirty (30) days after having been required in writing<br />\nto do so by either of the parties or in case of disagreement between the arbitrators to the decision of an umpire to be appointed in<br />\nwriting by the arbitrators before entering on the references and an award by the arbitrator or arbitrators or umpire shall be a<br />\ncondition precedent to any right of action against the Company on in case of difference as to amount of liability actually arising out<br />\nof this<br />\nSHORT PERIOD RATE SCALE<br />\nW. &nbsp;&nbsp;&nbsp;It is hereby declared and agreed that, in the event of the Policy being surrendered by the Insured<br />\nfor cancellation, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in &nbsp;force.<br />\n&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\nMONTHS &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 or less &nbsp;&nbsp;2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n11<br />\nANNUAL &nbsp;RATE &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20% &nbsp;&nbsp;&nbsp;30% &nbsp;&nbsp;&nbsp;40% &nbsp;&nbsp;&nbsp;50% &nbsp;&nbsp;&nbsp;60% &nbsp;&nbsp;&nbsp;70% &nbsp;&nbsp;&nbsp;75% &nbsp;&nbsp;&nbsp;80% &nbsp;&nbsp;&nbsp;85% &nbsp;&nbsp;&nbsp;90% &nbsp;&nbsp;&nbsp;95%</p>\n\n<p>72 HOURS SUDDEN &amp; ACCIDENTAL<br />\nPOLLUTION EXTENSION CLAUSE<br />\nIT IS HEREBY DECLARED AND AGREED that this insurance does not cover any liability:<br />\nTo Bodily Injury of Property<br />\nDamage arising out of the discharge, dispersal, release or escape of smoke, vapors, soot, fumes, acid, alkalis, toxic chemicals,<br />\nliquids, or gases, waste materials or other irritants, contaminants or pollutants into or upon land, the atmosphere or any water course<br />\nor body of water, but this exclusion does not apply if such discharge, dispersal, release or escape meets all five of the following<br />\nconditions:<br />\n1) &nbsp;&nbsp;&nbsp;The discharge, dispersal, release or escape must be neither expected nor intended by the Insured and<br />\n2) &nbsp;&nbsp;&nbsp;The beginning<br />\nof the discharge, dispersal, release or escape must take place during the policy period and<br />\n3) &nbsp;&nbsp;&nbsp;The discharge, dispersal, release or<br />\nescape must be physically evident to the Insured or other parties within 72 hours of the beginning of the discharge, dispersal, release<br />\nor escape.<br />\n4) &nbsp;&nbsp;&nbsp;The initial bodily injury or property damage caused by the discharge, dispersal, release or escape must ensue within 72<br />\nhours of the beginning of the discharge, dispersal, release or escape.<br />\n5) &nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in Condition H,<br />\n&ldquo;Notice of Accident&rdquo; or any other policy Duties in the event of occurrence. Claim or Suit or any other Policy Duties in the Event of<br />\noccurrence, Claim or &nbsp;Suit or any other policy conditions, all claims made against the Insured under this coverage must be reported to<br />\nthe company as soon as practicable but not later than 30 days after termination of the policy.<br />\nADDITIONAL DEFINITIONS<br />\nThe term release<br />\nincludes, but is not limited to any spilling, leaking, pumping, pouring, emitting, emptying, injection, dumping or disposing.<br />\nADDITIONAL<br />\nCONDITIONS<br />\nIf the Insured and the Company should disagree with regards to when a discharge, dispersal, release or escape begins or<br />\nbecomes evident, the burden of proving that all five (5) enumerated conditions are met rests with the Insured, at the Insured&rsquo;s own<br />\nexpense. &nbsp;Until such proof is accepted by the Company, the Company may but is not obligated, to defend any claim.<br />\nThe Limit of Liability<br />\nis : &nbsp;Please refer to Schedule<br />\nDeductible &nbsp;&nbsp;&nbsp;: &nbsp;Please refer to schedule<br />\nDOCUMENTARY STAMP<br />\nEffective October 01, 2001, the Bureau of<br />\nInternal Revenue under Revenue Regulations Number 15-2001, has implemented the use of &quot;ON-LINE ELECTRONIC DOCUMENTARY STAMPS TAX (DST)&quot;,<br />\namong insurance companies.<br />\nIn view of the above, the Documentary Stamp Tax (DST) becomes immediately due once a policy is issued in<br />\neffect, when a policy is cancelled, the liability for DST still exists and the same should be chargeable to the Insured.<br />\nWAR &amp; TERRORISM<br />\nEXCLUSION<br />\nNotwithstanding any provision to the contrary within this insurance or any endorsement thereto, it is agreed that this<br />\ninsurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection<br />\nwith any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.<br />\nFor the<br />\npurpose of this endorsement, an act of terrorism means an act, including but not limited to the use of force or violence and/or the<br />\nthreat thereof, of any person or group(s) of persons, whether acting alone or in behalf of or in connection with any organization(s) or<br />\ngovernment(s), committed for political, religious, ideological or similar purposes including the intention to influence any government<br />\nand/or to put the public, or any section of the public, in fear.<br />\nThis endorsement also excludes loss, damage, cost or expense of<br />\nwhatsoever nature directly or indirectly &nbsp;caused by, resulting from or in connection with any action taken in controlling, preventing,<br />\nsuppressing or in any way relating to any act of terrorism.<br />\nIf the Underwriters allege that by reason of this exclusion, any loss,<br />\ndamage, cost or expense is not covered by this insurance, the burden of proving the contrary shall be upon the Assured.<br />\nIn the event any<br />\nportion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. &nbsp;NMA2920</p>\n\n<p>DESIGNATION OF PROPERTY<br />\n&nbsp;<br />\nFor the purpose of determining where necessary the item or column heading under which any property is Insured,<br />\nInsurers agree to accept the designation under which such property has been entered in the Insured&#39;s books.</p>\n\n<p><br />\nDEVALUATION CLAUSE - [LIMIT -<br />\n10% OF SUM INSURED OF EACH ITEM]<br />\n&nbsp;<br />\nIf, after a loss due to an insured peril has occurred and a deficiency in the amount of collectible<br />\nloss under this Policy was established caused by the devaluation of the currency, the Insurers will pay the Insured the difference,<br />\nsubject to additional premium computed pro--rata at the date of loss.&nbsp;</p>\n\n<p>In the event of loss adjustment, the basis of determining the<br />\nvalue of currency, for the purposes of settlement, application of deductible and application of limit will be the exchange rate as<br />\npublished by the Bankers Association of the Philippines at the time of loss.</p>\n\n<p>If, at the time of loss falls on a Saturday or Sunday or a<br />\npublic holiday wherein there is no official exchange rate published on such days, the exchange rate that will be used as a basis of<br />\nsettlement will be published exchange rate on the previous Friday if the loss occurred on a Saturday or Sunday or the working day<br />\nimmediately preceding such public holiday.</p>\n\n<p><br />\nDIVISIBLE CONTRACT CLAUSE<br />\n&nbsp;<br />\nThe breach of any condition of this policy in respect to any one or<br />\nmore of the buildings insured or containing the property insured, shall not prejudice the right to recover for loss occurring in any<br />\nbuilding insured or containing the property insured where at the time of the loss, a breach of condition does not exist.</p>\n\n<p><br />\nDOCUMENTARY<br />\nSTAMPS ADVISORY</p>\n\n<p>Effective October 01, 2001, the Bureau of Internal Revenue under Revenue Regulations Number 15-2001, has implemented the<br />\nuse of &nbsp;&quot;ON-LINE ELECTRONIC DOCUMENTARY STAMPS TAX (DST)&quot;, among insurance companies.</p>\n\n<p>In view of the above, the Documentary Stamp Tax<br />\n(DST) becomes immediately due once a policy is issued in effect, when a policy is cancelled, the liability for DST still exists and the<br />\nsame should be chargeable to the Insured.</p>\n\n<p><br />\nEARTHQUAKE FIRE AND EARTHQUAKE SHOCK ENDORSEMENT</p>\n\n<p>In consideration of the payment by the Insured<br />\nto the Company of an additional premium the Company agrees, notwithstanding what is stated in the printed conditions of this Policy to<br />\nthe contrary, that this insurance covers loss or damage (including loss or damage by fire) to any of the property insured by this Policy<br />\noccasioned by or through or in consequence of Earthquake.</p>\n\n<p>PROVIDED always that all the conditions of this Policy shall apply (except in<br />\nso far as they may be hereby expressly varied) and that any reference therein to loss or damage by fire should be deemed to apply also<br />\nto loss or &nbsp;damage occasioned by or through or in consequence of Earthquake.</p>\n\n<p>1. &nbsp;CONSEQUENTIAL LOSS</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No consequential loss or damage<br />\nof any kind or description nor any loss or damage caused by confiscation or willful destruction by Government or any Municipal or Local<br />\nAuthority is covered.</p>\n\n<p><br />\n2. &nbsp;EXCESS CLAUSE</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is understood and agreed that the Insured shall bear that portion of the loss or damage<br />\ncaused by Earthquake to each affected item of insured property &nbsp;equivalent to two percent &nbsp;(2%) of its actual cash value at the time of<br />\nloss, for each claim or series of claims arising out of one occurrence. For the purpose of this clause, the following shall be<br />\nconsidered as separate items of insured property, regardless of what is indicated in the policy schedule:</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. &nbsp;Each<br />\nbuilding, including machinery, equipment and fixtures normal to its operation;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. &nbsp;All machinery and equipment contained<br />\nin each building;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. &nbsp;All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;each building;&nbsp;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. &nbsp;All other contents contained in each building.<br />\nAll losses caused by earthquake or<br />\nseries of earthquakes (whether continuous or sporadic and whether or not due to same seismic conditions) during each period of 48<br />\nconsecutive hours commencing from the first tremor shall be considered as arising out of one occurrence.</p>\n\n<p>In case of other insurances on<br />\nthe same item of property, this clause shall apply only once regardless of the number of policies or insurers.</p>\n\n<p>It is further understood<br />\nand agreed that in the computation of the claims payable, Condition No. 20 (Average Clause) of this Policy shall apply after the<br />\napplication of the deductible provided herein.</p>\n\n<p>IT IS FURTHER UNDERSTOOD AND AGREED THAT notwithstanding what is stated in Condition Nos.<br />\n11 and 12 of this Policy to the contrary if this policy is issued for a period of less than one year or if this policy is surrendered by<br />\nthe Insured for cancellation, premium shall be charged or retained in accordance with the following scale of percentages of the annual<br />\nrate:<br />\n&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From inception up to 3 months................................................... &nbsp;&nbsp;&nbsp;50%<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In excess of 3<br />\nmonths up to 6 months ..................................... &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75%</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After six [6] months<br />\n....................................................................... 100%&nbsp;</p>\n\n<p><br />\nERROR IN DESCRIPTION CLAUSE<br />\n&nbsp;<br />\nThis policy shall not be<br />\nprejudiced by any inadvertent error or omission in the name or title of the Assured or by any inadvertent error or omission is stating<br />\nthe name, of any property covered hereunder. &nbsp;In the event of material misdescription, however, the printed condition 1 of the policy<br />\nshall apply.&nbsp;</p>\n\n<p><br />\nERRORS AND OMISSION</p>\n\n<p>&nbsp;If physical loss or damage is not payable under this Policy solely because of an error or unintentional<br />\nomission the by Insured.</p>\n\n<p>In the description of where insured property is physically located, or</p>\n\n<p>To include any location purchased owned,<br />\nrented, leased or used by the insured;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on the effective date of this Policy, or<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during the term<br />\nof this Policy;</p>\n\n<p>That results in the cancellation of the property insured under this Policy;</p>\n\n<p>This Policy will cover to the extent it would<br />\nhave provided coverage had such error or unintentional omission not been made.</p>\n\n<p>However, this coverage does not apply;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If<br />\ncoverage is found in whole or in part in any other insurance policy.</p>\n\n<p>It is a condition of this coverage that any error or unintentional<br />\nomission be reported by the Insured to the insurers when discovered and be corrected.&nbsp;</p>\n\n<p><br />\nEXPEDITING EXPENSES</p>\n\n<p>&nbsp;<br />\nThe insurance afforded under<br />\nthis Policy is extended to include express delivery, air freight, overtime or holiday work incurred in connection with repairs or<br />\nreplacement of the property insured consequent upon its loss destruction or damage by an insured peril provided that insurer[s]<br />\nliability for such costs shall not exceed P5,000,000.00 in respect of any one claim, subject to reinstatement after a loss.</p>\n\n<p><br />\nEXTENDED<br />\nCOVERAGE</p>\n\n<p>Loss or damage directly caused by explosion, aircraft, vehicle and smoke shall be covered only by incorporation in, or<br />\nendorsement upon, the policy covering the ordinary Fire risk.</p>\n\n<p>The following endorsement wordings are obligatory in all cases where the<br />\nperils of explosion, aircraft, vehicle and smoke are included by means of the endorsement of an ordinary Fire Policy.</p>\n\n<p>In consideration of<br />\nthe payment by the Insured to the Company of an additional premium it is hereby agreed that this insurance, as herein defined subject to<br />\nthe Special Conditions hereinafter contained extend to include loss or damage directly caused by explosion, aircraft, vehicle and smoke.</p>\n\n<p><br />\nPROVISION APPLICABLE TO EXPLOSION</p>\n\n<p>Loss of or damage to the property insured directly &nbsp;caused by explosion, but excluding loss of or<br />\ndamage to boilers, economizers, pipes, turbines, engines or vessels, machinery or apparatus in which pressure is used or their contents,<br />\nresulting from their explosion, and rotating parts of machinery, including the machinery itself, caused by centrifugal force.</p>\n\n<p>The<br />\nfollowing are not explosions within the intent or meaning of this endorsement;</p>\n\n<p>a) &nbsp;Concussion unless caused by explosion;<br />\nb) &nbsp;Electrical<br />\narcing;<br />\nc) &nbsp;Water hammer;<br />\nd) &nbsp;Rupture or bursting of water pipes.</p>\n\n<p>PROVIDED always that all conditions of the Policy (except insofar as<br />\nCondition No. 8(h) is hereby expressly varied) shall apply as if they had been incorporated herein and for the purpose hereof any loss<br />\nor damage by explosion as aforesaid shall be deemed to be loss or damage within the meaning of this Policy.</p>\n\n<p>SPECIAL CONDITIONS&nbsp;</p>\n\n<p>1. &nbsp;The<br />\nCompany shall not be liable for loss or damage occasioned by or through or in consequence, directly&nbsp;or indirectly , of any act of any<br />\nperson acting on behalf of, or in connection with, any organization with&nbsp;activities directed towards the overthrow by force of the<br />\nGovernment &nbsp;&quot;de Jure&quot; or &quot;de facto&quot; or to the&nbsp;influencing of it by terrorism or violence.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In any action, suit or other proceeding,<br />\nwhere the Company alleges that by reason of the provisions of this&nbsp;Condition any loss or damage is not covered by this insurance, the<br />\nburden of proving that such loss or&nbsp;damage is covered shall be upon the Insured.</p>\n\n<p>2. &nbsp;If there shall be any other insurance on the<br />\nproperty insured under this Policy, the Company shall be liable&nbsp;only pro-rata for any loss or damage with such other insurance extended<br />\nto cover loss or damage by explosion.<br />\n3. &nbsp;The Company shall not be liable for loss or damage which at the time of the happening of such<br />\nloss or&nbsp;damage is insured by or would, but for the existence of this insurance, be insured by any other existing policy or policies<br />\nexcept in respect of any excess beyond the amount which would have been payable&nbsp;under &nbsp;such other policy or policies had this insurance<br />\nnot been effected.</p>\n\n<p>PROVISION APPLICABLE TO AIRCRAFT AND VEHICLE</p>\n\n<p>The term vehicle as used herein means vehicles running on land or tracks<br />\nbut not aircraft. Loss by aircraft or by vehicles shall include only direct loss resulting from actual physical contact of an aircraft<br />\nor a vehicle with the property covered hereunder or with the building containing the property covered hereunder, except that loss by<br />\naircraft include direct loss by objects falling therefrom. The Company shall not be liable, however, for loss;</p>\n\n<p>a) &nbsp;By any vehicle owned<br />\nor operated by the Insured or by any tenant of the described premises;<br />\nb) &nbsp;By any vehicle to fences, driveways, walks or lawns;<br />\nc) &nbsp;To any<br />\naircraft or vehicle including contents thereof other than stocks of aircraft or vehicles in process of&nbsp;manufacture or for sale.</p>\n\n<p>PROVISION<br />\nAPPLICABLE TO SMOKE</p>\n\n<p>The term SMOKE as used in this endorsement means only smoke due to a sudden, unusual and faulty operation of any<br />\nheating or cooking unit, only when such unit is connected to a chimney by a smoke pipe or by a vent, and while in or on the premises<br />\ndescribed in this policy, excluding however, smoke from fire places or industrial apparatus.</p>\n\n<p>DEDUCTIBLE APPLICABLE TO EXPLOSION,<br />\nAIRCRAFT, VEHICLE AND SMOKE</p>\n\n<p>It is understood and agreed that the insured shall bear the first 1% of the sum insured on the affected item<br />\n(s) under this endorsement but not less than P1,000.00 nor more than P500,000.00 on any material damage/loss from any of the above<br />\nmentioned perils.</p>\n\n<p>GENERAL CONDITIONS APPLICABLE TO EXPLOSION, AIRCRAFT, VEHICLE AND SMOKE</p>\n\n<p>1. &nbsp;It is a condition of this insurance that the<br />\ninsured undertakes to exercise all ordinary and reasonable&nbsp;precautions for maintenance and safety of the property.</p>\n\n<p>2. &nbsp;The Company shall<br />\nnot be liable for loss or damage occasioned by or through or in consequence of the&nbsp;action or order of any government or public<br />\nauthority.</p>\n\n<p>3. &nbsp;In the event of this endorsement being surrendered by the Insured for CANCELLATION, the Company shall&nbsp;retain a premium in<br />\naccordance with the following scale for the time this endorsement has been in force;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 1 month &nbsp;...................20% of the<br />\nannual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 2 months ...................30% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 3 months ...................40% of the annual<br />\npremium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 4 months ...................50% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 5 months ...................60% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;For 6 months ...................70% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 7 months ...................80% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 8<br />\nmonths ...................90% of the annual premium<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In excess of 8 months .........100% of the annual premium</p>\n\n<p>4. &nbsp;&nbsp;PROVIDED always<br />\nthat all the conditions on the policy to which this endorsement is attached shall apply, except as they may be hereby expressly varied<br />\nand that any reference therein to loss or damage by Fire&nbsp;shall be deemed to apply also to loss or damage directly caused by the above<br />\nnamed perils.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\nEXTINGUISHMENT AND MITIGATION EXPENSES</p>\n\n<p>&nbsp;It is hereby declared and agreed that this Policy extends to cover all expenses<br />\nreasonably incurred by or on behalf of the Insured in extinguishing fires or in mitigating, containing or suppressing loss, destruction<br />\nor damage by any peril or eventually hereby insured against occurring all or adjacent to or immediately threatening the situation of any<br />\nproperty insured by this Policy, up to a limit of P2,000,000.00 per location.</p>\n\n<p>It is further declared and agreed that the indemnity<br />\nafforded by this special clause shall include [but not be limited to] the payment of wages to the Insured&#39;s employees [other than full<br />\ntime members of a works fire brigade], the cost of replenishing fire fighting appliances, and the cost of replacing, reinstating or<br />\nrepairing materials and equipment loss destroyed or damaged [including directors&#39;, partners&#39;, proprietors&#39;, employees&#39; and volunteers&#39;<br />\nclothing and personal effects]</p>\n\n<p><br />\nFIRE BRIGADE CHARGES&nbsp;</p>\n\n<p>&nbsp;The sums insured under this Policy extend to include charges raised by any local<br />\nauthority for the provision of fire fighting appliances called for the purpose of protecting the Premises.</p>\n\n<p><br />\nFIRE FIGHTING EXPENSE CLAUSE</p>\n\n<p>Alliedbankers Insurance Corporation agrees to pay for fire fighting expenses reasonably incurred by the Assured to prevent or minimize<br />\nthe extent of any insured destruction of or damage to the insured property including the cost of materials expended but excluding<br />\nSalaries, wages and similar disbursements to own employees or personnel on contract or secondment to the Assured. Coverage provided by<br />\nthis extension is limited to Ps.500,000 per occurrence without the application of any deductible.</p>\n\n<p>IT IS AGREED;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Insurance<br />\nunder this policy shall extend to include loss or damage directly caused by Landslide, Landslip and Subsidence.</p>\n\n<p>01. &nbsp;Landslide - shall<br />\nmean the free movement of land or earth in a downward direction and includes</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01.01 Landslip - a rapid downward movement under the<br />\ninfluence of gravity of a mass of rock or earth&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;on a slope.&nbsp;</p>\n\n<p>02. &nbsp;Subsidence - shall mean the<br />\ngradual settling of land over an area without free movement and includes&nbsp;settlement.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided that:-</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All conditions of the<br />\npolicy shall apply [except insofar as they may be hereby expressly varied] and that any reference there to loss or damage by insured<br />\nperils shall be deemed to apply also to loss or damage directly caused by the above-mentioned perils.</p>\n\n<p><br />\nFLOOD ENDORSEMENT</p>\n\n<p>In consideration<br />\nof the payment by the Insured to the Company of an additional premium, it is hereby agreed that this insurance as herein defined subject<br />\nto the Special Conditions hereinafter contained extends to include loss or damage directly caused by FLOOD.</p>\n\n<p>DEFINITION</p>\n\n<p>The term &quot;FLOOD&quot; is<br />\ndefined as the entry of water into the premises insured, from without, due to the inundation of land not usually covered by water, (a)<br />\nby reason of an extra ordinary high tide of (b) following Typhoon, Cyclone and/or Windstorm or (c) due to the bursting or overflowing of<br />\nrivers, reservoirs canals and the like.<br />\nSPECIAL CONDITIONS</p>\n\n<p>1. &nbsp;It is a condition of this insurance that the Insured undertakes to exercise<br />\nall ordinary and reasonable&nbsp;precautions for the maintenance and safety of the property.</p>\n\n<p>2. &nbsp;Unless liability is specifically assumed by<br />\namendment to this endorsement, the Company shall not be&nbsp;liable for loss or damage to the following property: (a) goods in the open, or<br />\n(b) drains, water courses,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;boundary walls, garden walls, retaining walls, gates, posts, fences, driveway roads, walks or&nbsp;bulkheads.</p>\n\n<p>3. &nbsp;&nbsp;The Company shall not be liable for:</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Loss or damage caused directly or indirectly by landslide, subsidence, cloudburst or<br />\nexplosion, whether incidental to flood or not nor by theft whether occurring during or after a flood, nor by the neglect of the Insured<br />\nto use all reasonable means to save and preserve the property during and&nbsp;after a flood.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Loss or damage cause by overflowing,<br />\nbursting or leakage of water tanks, pipes and other water&nbsp;apparatus; loss or damage caused by overflowing of gutters and down pipes or<br />\nbursting or&nbsp;overflowing of municipal or other public water supply mains; loss or damage due to seepage,&nbsp;leakage or influx or water from<br />\nbasement walls, including doors, windows and other openings&nbsp;&nbsp;&nbsp;therein, foundations, basement floors and sidewalks or water, which backs<br />\nup through sewers or&nbsp;drains; loss or damage occasioned by &nbsp;high water unless directly caused by flood as defined&nbsp;erein.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) &nbsp;&nbsp;Loss<br />\nor damage occasioned by or through or in consequence of the action or order of any&nbsp;government or public authority;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) &nbsp;Loss or<br />\ndamage to property which at the time of the happening of such loss or damage, is insured&nbsp;by or would, but for the existence of this<br />\npolicy, be insured by Marine or Plate Glass policy or&nbsp;policies.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) &nbsp;Consequential loss or damage of any kind or description<br />\nwhatsooever.</p>\n\n<p>4. &nbsp;&nbsp;&nbsp;&nbsp;In the event of this Policy being surrendered by the Insured for cancellation, the Company shall retain&nbsp;100% of the<br />\npremium notwithstanding what is stated in Condition Nos. 11 and 12 of this Policy to the&nbsp;contrary.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n5. &nbsp;&nbsp;&nbsp;It is understood and<br />\nagreed that the Insured shall bear that portion of the loss or damage caused by&nbsp;flood to each affected item of insured property<br />\nequivalent to two percent (2%) of its actual cash value at&nbsp;the time of loss, for each claim or series of &nbsp;claims arising out of any one<br />\nflood occurrence the duration&nbsp;and extent &nbsp;of which shall be limited to 168 consecutive hours. For the purpose of this clause,<br />\nthe&nbsp;following shall be considered as separate items of insured property, regardless of what is indicated&nbsp;in the Policy schedule:<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;1) Each building, including machinery, equipment and fixtures normal to its operations;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) All machinery and equipment<br />\n&nbsp;contained in each building;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) All stocks in trade (raw materials, work-in-process, supplies and finished goods), contained in<br />\neach building.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) All other contents contained in each building.</p>\n\n<p>6. &nbsp;&nbsp;&nbsp;&nbsp;Provided always that all the conditions of the policy<br />\nshall apply except as they may be hereby expressly varied.</p>\n\n<p><br />\nIMMEDIATE REPAIRS</p>\n\n<p>&nbsp;The insurers grant permission to the insured to carry out<br />\nrepairs for physical loss or damage to property insured under this Policy which conveniently and advantageously can be undertaken by the<br />\ninsured [subject to notification to the insurers as soon as practicable]. The actual cost of such repairs and all expenses and fees<br />\nincurred related to such repairs will be included in any payment made to the insured.</p>\n\n<p><br />\nINDUSTRIES, SEEPAGE, POLLUTION &amp; CONTAMINATION<br />\nCLAUSE</p>\n\n<p>This Agreement does not cover any liability in respect of:</p>\n\n<p>1.&nbsp;&nbsp;&nbsp;&nbsp;personal injury or bodily injury or loss of, damage to, or loss of<br />\nuse of property directly or indirectly caused by seepage, pollution or contamination, provided always that this paragraph shall not<br />\napply to liability for Personal Injury or Bodily injury or loss of or physical damage to or destruction of tangible property, or loss of<br />\nuse of such property damaged or destroyed, where such seepage, pollution or contamination is a consequence of an otherwise under this<br />\nagreement indemnifiable sudden, unintended and unexpected happening.</p>\n\n<p>2.&nbsp;&nbsp;&nbsp;&nbsp;The cost of removing, modifying or cleaning up seeping,<br />\npolluting or contaminating substances unless the seepage, pollution or contamination is a consequence of an otherwise under this<br />\nagreement indemnifiable sudden, unintended or unexpected happening.</p>\n\n<p>3.&nbsp;&nbsp;&nbsp;&nbsp;Fines, penalties, punitive or exemplary damages</p>\n\n<p>This clause<br />\nshall not extend this Agreement to cover any liability which would not have been covered under this Agreement had this clause not been<br />\nattached.</p>\n\n<p><br />\nINTERNAL REMOVAL</p>\n\n<p>It is understood and agreed that in the event of removal of property from one building to another at any of the<br />\naforesaid situations being inadvertently not advice to Insurers, the Insurance on such property shall follow removal, the necessary<br />\nadjustments in sum insured and premium being made as from the date of removal as soon as the oversight is discovered.</p>\n\n<p><br />\nLAND IMPROVEMENTS<br />\n&nbsp;<br />\nProperty insured under this Policy includes landscaping improvements consisting of gravel or paved driveways, parking lots, lawns,<br />\nbushes, plantings trees and the like, with limit of P10,000,000.00 first loss basis.</p>\n\n<p><br />\nLANDSLIDE, SUBSIDENCE AND COLLAPSE</p>\n\n<p>Notwithstanding<br />\nanything contained herein to the contrary, it is hereby declared and agreed that this insurance shall extend to cover direct loss or<br />\ndamage caused by Landslide, Subsidence and/or Collapse.</p>\n\n<p>For the purpose of this endorsement&nbsp;<br />\nLANDSLIDE - shall mean the sliding down of a<br />\nmass of rocks, earth or artificial fill on a mountain or cliff side,;&nbsp;<br />\nSUBSIDENCE - shall mean the gradual lowering or settling down of a<br />\nportion of the land due to dynamic causes, mining operations or the like and;</p>\n\n<p>COLLAPSE - shall mean the action of falling together, as<br />\nthe side of a body of land or the body itself by external pressure or withdrawal of the contents, breaking down or falling in.</p>\n\n<p>NUCLEAR<br />\nENERGY RISKS EXCLUSION CLAUSE</p>\n\n<p>This Insurance shall exclude Nuclear Energy Risks whether such risks are written directly and/or by way of<br />\ninsurance and/or via Pools and/or associations. For all purposes of this Insurance Nuclear Energy Risks shall mean all first party<br />\nand/or third party insurances (other than Workers&#39; Compensation and Employers&#39; Liability) in respect of:&nbsp;</p>\n\n<p>1. All property, on the site of<br />\na nuclear power station, Nuclear Reactors, reactor buildings and plant and equipment therein on any site other than a nuclear power<br />\nstation.</p>\n\n<p>2. All Property, on any site (including but not limited to the sites referred to in (1)above) used or having been used for:<br />\n&nbsp;&nbsp;&nbsp;&nbsp;<br />\n(a) The generation of nuclear energy; or<br />\n&nbsp;&nbsp;&nbsp;&nbsp;(b) The Production, Use of Storage of Nuclear Material.</p>\n\n<p>3. Any other Property eligible for<br />\ninsurance by the relevant local Nuclear Insurance Pool and/or Association but only to the extent of the requirements of that local Pool<br />\nand/or Association.</p>\n\n<p>4. The supply of goods and services to any of the sites, described in (1) to (3) above, unless such insurances shall<br />\nexclude the perils &nbsp;of irradiation and contamination by Nuclear Material.</p>\n\n<p>Except as &nbsp;under noted, Nuclear Energy Risks shall not include:</p>\n\n<p>1. Any insurance in respect of the construction or erection or installation or replacement or repair or maintenance or decommissioning<br />\nof Property as described in (1) to (3) above (including contractors&#39; plant and equipment);</p>\n\n<p>2. Any machinery Breakdown or other<br />\nEngineering Insurance not coming wihin the scope of (1) above.</p>\n\n<p>Provided always that such insurance shall exclude the perils or<br />\nirradiation and contamination by Nuclear Material.</p>\n\n<p>However, the above exemption shall not extend to:-</p>\n\n<p>1.The provision of any insurance<br />\nwhatsoever in respect of:-</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;(a) Nuclear Material;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;(b) Any property in the High Radioactivity Zone or Area of any Nuclear<br />\nInstallation as from the introduction of Nuclear Material or - for reactor installations - as from fuel loading or first critically<br />\nwhere so agreed with the relevant local Nuclear Insurance Pool and/or Association.</p>\n\n<p>2. The provision of any insurance for the under noted<br />\nperils:</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Fire, lightning, explosion<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Earthquake<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Aircraft and other aerial devices or articles dropped therefrom;<br />\n&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;(d) Irradiation and radioactive contamination<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any other peril insured by the relevant local Nuclear Insurance Pool and/or<br />\nAssociation. &nbsp;In respect of any other property not specified in (1) above which directly involves the Production, use or &nbsp;Storage of<br />\n&nbsp;Nuclear Materials as from the introduction of Nuclear Material into such Property.</p>\n\n<p>Definitions&nbsp;</p>\n\n<p>&quot;Nuclear Material&quot; means:</p>\n\n<p>1.&nbsp;&nbsp;&nbsp;&nbsp;Nuclear<br />\nfuel, other than natural uranium and depleted uranium, capable of producing energy by a self-sustaining chain process of &nbsp;nuclear<br />\nfission outside a Nuclear Reactor, either alone or in combination with some other material; and<br />\n2.&nbsp;&nbsp;&nbsp;&nbsp;Radioactive Products or waste.</p>\n\n<p>&quot;Radioactive Products or waste&quot; means any radioactive material produced in, or any material made radioactive by exposure to the<br />\nradiation incidental to the production or utilization of nuclear fuel, but does not include radioisotopes which have reached the final<br />\nstage of fabrication so as to be usable for any scientific, medical, agricultural, commercial or industrial purpose.</p>\n\n<p>&quot;Nuclear<br />\nInstallation&quot; means:<br />\n1. &nbsp;&nbsp;&nbsp;Any Nuclear Reactor;<br />\n2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any factory using nuclear fuel for the production of nuclear material , or any<br />\nfactory for the processing of Nuclear Material, including any factory for the reprocessing of irradiated nuclear fuel; and<br />\n3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any<br />\nfacility where nuclear material is stored , other than storage incidental to the carriage of such material.</p>\n\n<p>&nbsp;&quot;Nuclear Reactor&quot;means any<br />\nstructure containing nuclear fuel in such an arrangement that a self-sustaining chain process of nuclear fission can occur therein<br />\nwithout an additional source of neutrons.</p>\n\n<p>&nbsp;&quot;Production, use or Storage of Nuclear Material&quot; means the production, manufacture,<br />\nenrichment, conditioning, processing, reprocessing, use, storage, handling and disposal of&nbsp;</p>\n\n<p>Nuclear Material.</p>\n\n<p>&nbsp;&quot;Property&quot; shall mean all<br />\nland, buildings, structures, plant equipment, vehicles, contents (including but not limited to liquids and gases) and all materials of<br />\nwhatever description whether fixed or not.</p>\n\n<p>&nbsp;&quot;High Radioactivity Zone or Area&quot; means:</p>\n\n<p>1.&nbsp;&nbsp;&nbsp;&nbsp;For nuclear power station and nuclear Reactors,<br />\nthe vessel or structure which immediately contains the core (including its support and shrouding) and all the contents thereof, the fuel<br />\nelements, the control rods and the irradiated fuel; and<br />\n2.&nbsp;&nbsp;&nbsp;&nbsp;For non-reactor Nuclear Installations, any area where the level of<br />\nradioactivity required the provisions of a biological shield.</p>\n\n<p><br />\nOUTSIDE BUILDING<br />\n&nbsp;<br />\nSmall outside buildings, annexes and conveniences are held<br />\nto be insured with buildings to which such property is attached or belongs.</p>\n\n<p><br />\nPERMISSIONS CLAUSE</p>\n\n<p>Permission is hereby given to the Assured:</p>\n\n<p>1. &nbsp;To store and use any and all materials in the quantities and manner as permitted by law, By-law, or&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regulation, processes,<br />\npower and appliances usual and incidental to the business or occupancy;</p>\n\n<p>2. &nbsp;To make additions, alterations, repairs and to construct new<br />\nbuildings and structures and to generally act &nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as a Contractor or Sub-Contractor for the aforementioned whether for the Assured&#39;s<br />\nown operations or for&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other parties. Furthermore the insurance by this policy shall extend to include loss, destruction, or damage<br />\n&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;by or to theses activities;&nbsp;</p>\n\n<p>3. &nbsp;To acquire real or personal property;</p>\n\n<p>4. &nbsp;To cease operations and for any premises to be vacant or<br />\nunoccupied; and</p>\n\n<p>5. &nbsp;To obtain other insurances.</p>\n\n<p><br />\nPLATE GLASS ENDORSEMENT</p>\n\n<p>Notwithstanding anything to the contrary contained in this Policy,<br />\nit is hereby stipulated and agreed that medical conditions existing prior to the commencement date of this Policy are covered subject to<br />\nthe limit of benefits stipulated in the Policy Schedule. The Company, however, is not liable for medical expenses incurred as a result<br />\nof confinement due to congenital conditions. Subject to the terms and conditions herein or endorsed hereon if any of the glass at the<br />\npremises shall during any period of insurance be broken by fracture extending through its entire thickness as the result of any accident<br />\nof misfortune not hereunder excepted, the Company shall;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\na. Replace the<br />\nbroken glass with glass of similar quality or at its option pay to the Insured the value of the glass broken at the price current at the<br />\ndate of breakage less the value of any salvage.&nbsp;<br />\nb. Pay the reasonable cost of any necessary temporary boarding up pending replacement of<br />\nthe broken glass. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\nProvided<br />\nthat the Company&#39;s liability shall not exceed in aggregate in any one period of insurance the total sum insured and for (a) above in<br />\nrespect of each item the sum expressed in this Schedule to Insured thereon. &nbsp;</p>\n\n<p><br />\nPROPERTY DAMAGE CLARIFICATION CLAUSE</p>\n\n<p>Property damage covered<br />\nunder this Agreement shall mean physical damage to the substance of property.</p>\n\n<p>Physical damage to the substance of property shall not<br />\ninclude damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a<br />\ndeletion, a corruption or a deformation of the original structure.</p>\n\n<p>Consequently, the following are excluded from this agreement:</p>\n\n<p>A. Loss<br />\nor damage to data or software, in particular any detrimental change in date, software or computer programs that is caused by a deletion,<br />\na corruption or deformation of the original structure&nbsp;and any business interruption losses resulting from such loss or damage.<br />\n&nbsp;Notwithstanding this<br />\nexclusion, loss of or damage to data or software which is the direct consequence of insured physical&nbsp;damage to the<br />\nsubstance of property shall be covered. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p>B. Loss or damage resulting from an impairment in the function, availability, range<br />\nof use or accessibility&nbsp;of data, software or computer programs and any business interruption losses resulting from such&nbsp;loss or damage.</p>\n\n<p><br />\nPROPERTY UNDER THEIR CARE, CUSTODY AND CONTROL<br />\n&nbsp;<br />\nThis insurance is extended to cover the property as described in the Schedule belonging<br />\nto or being in the care, custody or control of the insured for which the insured is legally liable.</p>\n\n<p><br />\nPUBLIC AUTHORITIES<br />\n&nbsp;<br />\nThe Policy cover<br />\nincludes such additional cost of reinstatement of the destroyed or damaged sections of the property caused by a contingency insured<br />\nagainst as may be incurred solely by reason of the necessity to comply with any Regulations, By-Laws or Statutory Provisions relating to<br />\nthe reinstatement of property provided that:</p>\n\n<p>1] &nbsp;The amount recoverable under the extension shall not include:</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;the cost in<br />\ncomplying with any such Regulations, By-Laws or Statutory Provisions where destruction or damage occurs prior to inception of this<br />\nclause, or is not insured by this Policy, or where notice to comply has been served upon the Insured prior to the occurrence of any<br />\ndestruction or damage or in respect of any undamaged section of the property;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;the additional cost that would have been required<br />\nto make good the property damaged or destroyed to a condition when new had the necessity to comply with any of the aforesaid<br />\nRegulations, By-Laws or Statutory Provisions not arisen;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;any increased rates, taxes, duties, charges, levies or assessment as a<br />\nresult of complying with such Regulations, By-Laws or Statutory Provisions.</p>\n\n<p>2] &nbsp;The work of reinstatement must be completed within twelve<br />\n[12] months of the date of occurrence of any loss or damage unless permitted by the Insurer within the said twelve months and may be<br />\ncarries out wholly or partially upon another site, provided that the liability of the Insurer is not increased thereby.&nbsp;</p>\n\n<p><br />\nREINSTATEMENT OF<br />\nSUM INSURED<br />\n&nbsp;<br />\nIn consideration of the insurance by this Policy not being reduced by the amount of any loss, the Insured undertakes to pay<br />\nsuch reasonable and appropriate additional premium as may be required by the Insurer[s] on the amount of loss from the date on which the<br />\nproperty lost, destroyed or damaged is repaired, reinstated or replaced and becomes the legal property or responsibility of the Insured.</p>\n\n<p>The additional premium as aforesaid shall not exceed a pro-rate amount for the period referred to based on the original premium paid or<br />\npayable and no such additional premium shall in any case be payable where the amount of the net loss is loess than one percent [1%] of<br />\nthe Sum Insured.</p>\n\n<p><br />\nREINSTATEMENT VALUE ENDORSEMENT</p>\n\n<p>It is hereby declared and agreed that notwithstanding what is stated in the printed<br />\nconditions of this policy to the contrary, in the event of the property insured, which shall be kept in a state of through repair, under<br />\nthis policy being destroyed or damaged the basis upon which the amount payable under (each of the said Items of ) the policy is to be<br />\ncalculated shall be reinstatement of the property destroyed or damage, subject to the following special provisions and subject also to<br />\nthe terms and conditions of the policy except &nbsp;in so far as the same may be varied hereby.</p>\n\n<p>For the purpose of the insurance under this<br />\nmemorandum &quot;Reinstatement&quot; shall mean :</p>\n\n<p>The carrying out of the aftermentioned work, namely -</p>\n\n<p>(a) &nbsp;Where property is destroyed, the<br />\nrebuilding of the property, if a building, or, in the case of other property, its replacement by the similar property, in either case in<br />\na condition equal to but not better or more extensive than its condition when new, provided the Alliedbankers Insurance Corporation -<br />\nshall not be liable for any loss occasioned by the enforcement of any statute, municipal or city ordinance regulating the construction<br />\nor repair of buildings.</p>\n\n<p>(b) &nbsp;Where property is damaged, the repair of the damage and the restoration of the damaged portion of the<br />\nproperty to a condition substantially the same as but not better or more extensive than its condition when new.</p>\n\n<p>SPECIAL PROVISIONS</p>\n\n<p>1. &nbsp;The<br />\nwork of reinstatement (which may be carried out upon another site and in any manner suitable to the requirements of the Insured subject<br />\nto the liabilities of the Alliedbankers Insurance Corporation not being thereby increased) must be commenced and carried out with<br />\nreasonable dispatch and in any case must be completed within six months after the destruction or damage or within such further time as<br />\nthe Alliedbankers may (during the said six months) in writing allow, otherwise, no payment beyond the amount which would have been<br />\npayable under the policy if this memorandum had not been incorporated therein shall be made.</p>\n\n<p>2. &nbsp;When any property insured under this<br />\nmemorandum is damaged or destroyed in part only the liability of the Alliedbankers Insurance Corporation shall not exceed the sum<br />\npresenting the cost which the Alliedbankers Insurance Corporation could have been called upon to pay for reinstatement if such property<br />\nhad been wholly destroyed.</p>\n\n<p>3. &nbsp;No payment beyond the amount which would have been payable under the policy if this memorandum had not<br />\nbeen incorporated therein shall be made until the cost of reinstatement shall have been actually incurred.</p>\n\n<p>4. &nbsp;Each item insured under<br />\nthis memorandum is declared to be separately subject to the following Condition of Average, namely :</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If at the time of<br />\nreinstatement the sum representing the cost which would have been incurred in reinstatement if the whole of the property covered by such<br />\nitem had been destroyed, exceeds the sum insured thereon at the breaking out of any fire or at the commencement of any destruction of or<br />\ndamage to such property by any other peril thereby insured against, then the Insured shall be considered as being his own insurer for<br />\nthe excess and shall bear a ratable proportion of the loss accordingly.</p>\n\n<p>5. &nbsp;The Alliedbankers Insurance Corporation shall not be liable<br />\nfor the cost of removing the debris of the damage or destroyed property to be reinstated or replaced.</p>\n\n<p>6. &nbsp;No payment beyond the amount<br />\nwhich would have been payable under the policy if this memorandum had not been incorporated therein shall be made if at the time of any<br />\ndestruction or damage to any property insured hereunder such property shall be covered by any other insurance effected by or on behalf<br />\nof the Insured which is not upon the identical basis of reinstatement set forth herein.</p>\n\n<p>7. &nbsp;When the Insured is unable or unwilling to<br />\nreplace or reinstate the property destroyed or damaged on the same or another site or where by reason of any of the above special<br />\nprovisions no payment is to be made beyond the amount which would have been payable under the policy if this memorandum had not been<br />\nincorporated therein the rights and liabilities of the Alliedbankers Insurance Corporation and the Insured in respect of the destruction<br />\nor damage shall be subject to the terms and conditions of the policy, including any Condition of Average therein, as if this memorandum<br />\nhad not been incorporated therein.</p>\n\n<p><br />\nRIOT AND STRIKE ENDORSEMENT<br />\n&nbsp;<br />\nIn consideration of the payment of the aftermentioned premium, it is<br />\nhereby agreed and declared that notwithstanding anything in the within written policy contained to the contrary the insurance under this<br />\npolicy shall extend to cover RIOT AND STRIKE damage which for the purpose of this endorsement shall mean (subject always to the Special<br />\nConditions hereinafter contained) -</p>\n\n<p>Loss of &nbsp;or damage to property insured directly caused by :</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. &nbsp;The act of any person taking<br />\npart together with others in any disturbance of the public peace&nbsp;(whether in connection with a strike or lock-out or not) not being an<br />\noccurrence mentioned in&nbsp;Condition 6 of the Special Conditions hereof.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. &nbsp;The action of any lawfully constituted authority in<br />\nsuppressing or attempting to suppress any such&nbsp;disturbance or in minimizing the consequences of any such disturbance.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. &nbsp;The willful act of any striker<br />\nor lock-out worker done in furtherance of a strike or in resistance to a&nbsp;lock-out.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. &nbsp;The action of any lawfully constituted<br />\nauthority in preventing or attempting to prevent any such act&nbsp;or in minimizing the consequences of any such act.&nbsp;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPECIAL CONDITIONS</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this endorsement but not otherwise there<br />\nshall be substituted for the respectively numbered Conditions of the Policy the following :</p>\n\n<p>CONDITION 5</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &nbsp;This insurance does<br />\nnot cover :</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;Loss of earnings, loss by delay, loss of &nbsp;market or other consequential or indirect loss or damage&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;of any kind or description whatsoever.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;Loss or damage resulting from total or partial cessation of work or the retarding<br />\nor interruption or&nbsp;cessation of any process or operation.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;Loss or damage occasioned by permanent or temporary dispossession<br />\nresulting from&nbsp;confiscation, commandeering or requisition by any lawfully constituted authority.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. &nbsp;Loss or damage occasioned<br />\nby permanent or temporary dispossession of any building resulting&nbsp;from the unlawful occupation by any person of such building.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\ne. &nbsp;Loss or damage directly or indirectly caused by or arising from or in consequence of or&nbsp;contributed to by nuclear weapons material.</p>\n\n<p>&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided nevertheless that the Company is not relieved under (c) or (d) above of any liability to the Insured in respect of<br />\nphysical damage to the property insured occurring before dispossession or during the temporary dispossession.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) &nbsp;This<br />\ninsurance does not cover loss or damage directly or indirectly caused by or arising from or in&nbsp;consequence of or contributed to by<br />\nionizing radiations or contamination by radioactivity from any&nbsp;nuclear fuel or from any nuclear waste from the combustion of nuclear<br />\nfuel. &nbsp;For the purpose of&nbsp;this Condition 5 (ii) only combustion shall include any self-sustaining process of nuclear fission.</p>\n\n<p>CONDITION 6</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This insurance does not cover any loss or damage occasioned by or through or in consequence,&nbsp;directly or indirectly, of any of<br />\nthe following occurrences, namely :</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;War, invasion, act of foreign enemy, hostilities or warlike operations (whether war be<br />\ndeclared or&nbsp;not), civil war.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;Mutiny, civil commotion assuming the proportions of or amounting to a popular rising,<br />\nmilitary&nbsp;rising, insurrection, rebellion, revolution, military or usurped power.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;Act of terrorism committed by a person or<br />\npersons acting on behalf or in connection with any&nbsp;organization.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the purpose of this endorsement an act of terrorism means<br />\nan act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of person,<br />\nwhether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious,<br />\nideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the<br />\npublic, in fear.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly<br />\ncaused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to any<br />\nact of terrorism.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In any action, suit or other proceeding, where the Company alleges that by reason of the provision of this<br />\ncondition any loss or damage is not covered by this insurance, the burden of proving that such loss or damage is covered shall be upon<br />\nthe Insured.</p>\n\n<p>CONDITION 7</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless otherwise expressly stated in the Policy this insurance does not cover :</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;Goods held<br />\nin trust or on commission.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;Bullion or unset precious stones.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;Any curiosity or work of art for an amount<br />\nexceeding Php 200.00.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. &nbsp;Manuscripts, plans, drawings or designs, patterns, models or moulds.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. &nbsp;Securities,<br />\nobligations, or documents of any kind, stamps, coined or<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;paper money, cheques, books of account or other business books,<br />\ncomputer systems records.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. &nbsp;Explosives. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p>CONDITION 10<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Insurance may at any time be terminated by<br />\nthe Company on notice to that effect being given to the Insured, in which case the Company shall be liable to repay a ratable proportion<br />\nof the premium for the unexpired term from the date of cancellation. &nbsp;If the insurance be terminated at the request of the Insured the<br />\nCompany shall not be liable to repay the premium or any part of it except in so far as the insurance applies to stocks in respect of<br />\nwhich the Company shall retain a premium calculated according to its customary short period scale for the time the said insurance has<br />\nbeen in force.</p>\n\n<p>CONDITION 17</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In all cases where any other subsisting insurance or insurances, effected by the Insured or by any<br />\nother person or persons covering any of the property hereby insured, either exclusively or together with any other property in and<br />\nsubject to the same risk only, shall be subject to average, the insurance on such property under this Endorsement shall be subject &nbsp;to<br />\naverage in like manner, but in any event the Company shall not be liable to pay or contribute in respect of any loss or damage beyond<br />\nthe proportion which the sum insured by this Endorsement shall bear to the total insurance, whether effected by the insured or not, on<br />\nthe same property against ordinary fire loss.</p>\n\n<p>PROVIDED that it is hereby further expressly agreed and declared that</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. &nbsp;All the<br />\nconditions of this Policy shall apply in all respects to the insurance granted by this&nbsp;extension save in so far as the same are<br />\nexpressly varied by the above Special Conditions and&nbsp;any reference to fire in Conditions of the Policy shall be deemed to include the<br />\nperils hereby&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;insured against.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. &nbsp;The Special Conditions herein shall apply only to the Insurance granted by<br />\nthis extension and the&nbsp;Conditions of the Policy shall apply in all respects to the insurance granted by the Policy as if&nbsp;this<br />\nEndorsement had not been made thereon.</p>\n\n<p><br />\nMALICIOUS DAMAGE ENDORSEMENT</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is hereby agreed and declared that the insurance under<br />\nthe said Riot and Strike Endorsement shall extend to include MALICIOUS DAMAGE which for the purpose of this extension shall mean</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;LOSS of or damage to the property insured directly caused by the malicious act of any person (whether or not such act is committed in<br />\nthe course of a disturbance of the public peace) not being an act amounting to or committed in connection with an occurrence mentioned<br />\nin Special Condition 6 of the said Riot and Strike Endorsement.</p>\n\n<p>But the Company shall not be liable under this extension for any loss or<br />\ndamage by fire or explosion nor for any loss or damage arising out of or in the course of burglary, housebreaking, theft or larceny or<br />\nany attempt threat or caused by any person taking part herein.</p>\n\n<p>Provided always that all the conditions and provisions of the said<br />\nEndorsement shall apply to this extension as if they had been incorporated herein.&nbsp;</p>\n\n<p>ROBBERY AND BURGLARY ENDORSEMENT<br />\nIt is hereby declared<br />\nand agreed that the insurance under this policy extends to cover loss or damage as the result of Burglary &amp;/or Robbery as defined<br />\nherein:-<br />\nBURGLARY as herein used shall mean the felonious abstraction of the Insured&#39;s property following upon violent and forcible entry<br />\nor followed by violent and forcible exit from the premises or any attempt there at:<br />\nROBBERY herein used shall mean an act by any person<br />\nwhi, intents to gain takes any personal property hereby Insured, by means of violence against or intimidation of any person, using<br />\nforced upon things and subject to the following conditions:<br />\n&nbsp;1. &nbsp;All sums which may from time to time be paid as or by way of<br />\ncompensation for loss or damage under this endorsement in any one year of insurancen for or in respect of each or any one description of<br />\nproperty or any one specially described and valued article lost or damaged shall unless reinstated by endorsement with the consent of<br />\nthe company and additional premium paid be accounted in diminution of the sum insured thereon, so that in case of subsequent loss or<br />\ndamage during the same year or insurance the amount payable by the company shall not in any event exceed the sum insured in respect<br />\nthereof nor altogether the total sum insured by this endorsement.<br />\n&nbsp;2. &nbsp;This endorsement shall not extend to nor cover:<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. &nbsp;Loss or<br />\ndamage due to any robbery or theft or to any attempt thereat by or in collusion with any of the insured&#39;s family business staff or<br />\ndomestic servants or any person lawfully on the premises.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. &nbsp;Loss or damage by any person, due to theft not following upon violent<br />\nand forcible entry nor followed by violent and forcible exit from the premises occupied by the insured defined above.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. &nbsp;Loss or<br />\ndamage arising from any consequence of flood, typhoon, hurricane, windstorm, volcanic eruption, subterranean fire, earthquake or other<br />\nconvulsion of nature, war invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, mutiny,<br />\nrevolution, insurrection or military or unsurped power, riots or strikes, military or popular rising, or loot, sack or pillage in<br />\nconnection therewith.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. &nbsp;Loss or damage upon the occasion of opr consequent upon fire or explosion or loss or damage which can be<br />\ninsured against by a fire or plate glass insurance policy.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. &nbsp;Loss or damage to deeds, bonds, bills or exchange, promisory notes,<br />\nmoney or securities for money, stamps or coin collections, plans patterns, models, moulds, designs, documents of title to property,<br />\ncontracts or other documents books or manuscripts unless the same be specifically insured hereunder.<br />\n&nbsp;3. &nbsp;This documents shall cease to<br />\nbe in force if the premises referred to in the schedule of this policy be left uninhabited by days and nights or for a period or periods<br />\nexceeding in the whole ten days or nights in any period of insurance.<br />\n&nbsp;4. &nbsp;Upon the happening of any eventt giving rise or likely to give<br />\nrise to a claim under this endorsement.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. &nbsp;The insured shall so soon as is practicable give notice thereof in writing to the<br />\ncompany stating the circumstances of the case and shall within fourteen days after loss or damage shall have come to his knowledge or<br />\nwithin such further time as the company may allow in that behalf deliver to the company a claim in writing with an estimate of the<br />\nintrinsic value of each articcle lost and the amount of damage sustained.&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. &nbsp;The insured shall furnish to the company all such<br />\nparticulars and evidence documentary or otherwise and execute and do all such acts and things as the company may reasonably require to<br />\nsubstantiate the claim to discover and punish the guilty person to trace and recover the property lost and to recoup to the company so<br />\nfar as may be possible in respect of any amount the policy shall pay under this endorsement. The company shall bear the expense of all<br />\nsuch particular evidence, acts and things as they may require with the above object or any of such particular evidence, acts and things<br />\nas they may require with the above objects or any of them other than those required to substantiate the claim.<br />\n&nbsp;5. &nbsp;The company may<br />\nreinstate, repair or replace the property or premises lost or damaged as the case maybe instead paying the amount of the loss or damage<br />\nand/or join with any other insurers in so doing in cases where the property is also insured elsewhere. &nbsp;Any lost property paid for under<br />\nthis endorsement shall belong to the company.<br />\n&nbsp;6. &nbsp;If at the time of the happening of any loss or damage covered under this endorsement<br />\nthere shall be subsisting any other insurance of any nature whatsoever covering the same whether effected by the insured or not, then<br />\nthe company shall not be liable to pay or contribute more than its ratable proportion of such loss or damage. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;7. &nbsp;Nothing<br />\ncontained herein shall give any right against the company to any persons other than the insured his executors or administrators and the<br />\ncompany will not be bound by any passing of the interest of the insured otherwise than by death unless and until the compan y shall<br />\nendorse hereon declare the insurance to be continued.<br />\n&nbsp;8. &nbsp;The company shall at any time by giving notice in writing to the insured by<br />\nregistered letter at his address as last known to the company be at liberty to determine and cancel this endorsement from the date of<br />\nsuch notice and the company shall in that event return to the insrued a proportionate part of the premium corresponding to the unexpired<br />\nterm of policy by like notice to the company. &nbsp;The insured may at any time simarly determine and cancel this endorsement in which case<br />\nthe company will retain the customary short period rate for the time this endorsement has been in force.<br />\n&nbsp;9. &nbsp;If at the time of the<br />\nhappening of any loss or damage the total value of the property insured under this endorsement or by each item thereof if more than one<br />\ndoes not exceed the sum insured thereon this insurance shall be declared free of average: &nbsp;but if the amount insured be less than such<br />\ntotal value the insured be considered as being his own insurer for the difference between the sum insured and the total value of the<br />\nproperty insured under the endorsement or by each item thereof as from the case may be and shall bear a ratable share of the loss<br />\naccordingly.<br />\n10. &nbsp;If any claim be made by or on behalf of the insured shall be in any respect unfounded or farudulent or intentionally<br />\nexaggerated or if any false declaration or statement shall be made in suport of any claim. &nbsp;The company shall not be liable to make any<br />\npayment whatsoever under this endorsement.<br />\n11. &nbsp;The insured shall take all due precautions for the safety of the property insured as<br />\nregard selection and supervison of employees securing with all existing protective devices all doors and windorws and other means of<br />\nentrance and otherwise and shall not do suffer or permit anything whereby the risk of the company shall be increased and this<br />\nendorsement shall cease to be in force so far as regard any of the property or articles thereby insured if the insured shall make any<br />\nchange or alteration in the premises on the particulars and information set forth in the proposal to insure are no longer correct<br />\nstatements of the facts. &nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\nSERVICES CLAUSE<br />\n&nbsp;<br />\nThe insurance by this Policy relating to buildings and machinery extends to include<br />\ntelephone, gas, water and electrical instruments, meters, piping, cabling and the like and the accessories thereof, including similar<br />\nproperty in adjoining yards or roadways or underground [and pertaining to the building or contents insured by the respective items of<br />\nthis Specifications] all the property of the insured or of suppliers or others, for which the Insured is responsible.</p>\n\n<p><br />\nSPRINKLER LEAKAGE<br />\nENDORSEMENT<br />\n&nbsp;<br />\n&quot;Sprinkler Leakage&quot; means leakage or discharge of water or other substances from within any automatic sprinkler system.<br />\n&nbsp;Direct loss or damage by collapse or fall of a tank forming part of such automatic sprinkler system not caused by earthquake, volcanic<br />\neruption or other convulsions of nature [except as in conflict with the perils covered by this Policy] is also covered, such loss being<br />\nconsidered as incidental to and part of the damage caused by Sprinkler Leakage.</p>\n\n<p>The term &quot;automatic system&quot; means any automatic fire<br />\nprotective system, including sprinkler, discharge nozzles and ducts, pipes, valves, fittings, tanks [including components, parts and<br />\nsupports], pumps and private fire protection mains, all connected with and constituting a part of an automatic fire protection system<br />\nand non-automatic fire protective systems, hydrants, standpipes or outlets supplies from an automatic fire protective system.</p>\n\n<p>SUE AND<br />\nLABOR</p>\n\n<p>&nbsp;The sum Insured by this Policy extends to include reasonable expenses Incurred by the Insured in their efforts to recover,<br />\nsafeguard or preserve the property Insured, to minimized any loss insured thereunder or to prosecute in its own name any claim for<br />\nindemnity or damaged or otherwise in respect of such loss provided Insured(s) have consented to such action.&nbsp;</p>\n\n<p>TEMPORARY REMOVAL INCLUDING<br />\nSTOCK</p>\n\n<p>&nbsp;Subject to the following provisions, the property insured by this Policy (including stock in trade or merchandise if insured<br />\nhereby) is covered whilst temporarily removed for cleaning, renovation, repair or other similar purposes, elsewhere on the same Premises<br />\nor to any other premises and in transit thereto and therefrom by road, rail or inland waterway in the Philippines.</p>\n\n<p>&nbsp;The amount<br />\nrecoverable under this Extension in respect of each item of the Policy shall not exceed the amount which would have been recoverable had<br />\nthe loss occurred in that part of the Premises from which the property is temporarily removed.</p>\n\n<p>&nbsp;This extension does not &nbsp;apply to<br />\nproperty if and so far as it is otherwise insured nor, as regards to losses occurring elsewhere than at the Premises from which the<br />\nproperty is temporarily removed to.</p>\n\n<p>a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motor Vehicles and Motor Chassis licensed for normal road use;</p>\n\n<p>b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property held by<br />\nthe Insured in the trust, other than machinery and plant.</p>\n\n<p>It is further agreed that this Policy is extended to cover direct loss by<br />\nremoval from the described Premises endangered by the perils insured against, on pro-rata for ten (10) days at each proper place to<br />\nwhich the property covered shall necessarily be removed for preservation from the perils Insured against.</p>\n\n<p><br />\nTERRORISM EXCLUSION ENDORSEMENT</p>\n\n<p>Notwithstanding any provision to the contrary within this insurance or any endorsement thereto, it is agreed that this insurance<br />\nexcludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any<br />\nact of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.</p>\n\n<p>For the purpose<br />\nof this endorsement, an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat<br />\nthereof, of any person or group(s) of persons, whether acting alone or in behalf of or in connection with any organization(s) or<br />\ngovernment(s), committed for political, religious, ideological or similar purposes including the intention to influence any government<br />\nand/or to put the public, or any section of the public, in fear.</p>\n\n<p>This endorsement also excludes loss, damage, cost or expense of<br />\nwhatsoever nature directly or indirectly &nbsp;caused by, resulting from or in connection with any action taken in controlling, preventing,<br />\nsuppressing or in any way relating to any act of terrorism.</p>\n\n<p>If the Underwriters allege that by reason of this exclusion, any loss,<br />\ndamage, cost or expense is not covered by this insurance, the burden of proving the contrary shall be upon the Assured.</p>\n\n<p>In the event any<br />\nportion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p>NMA2920 &nbsp;&nbsp;</p>\n\n<p><br />\nTIDAL WAVE ENDORSEMENT</p>\n\n<p>Loss or damage caused by the inundation of the sea by an unusually high sea wave whether<br />\ndirectly resulting from the occurrence of an earthquake or typhoon or otherwise is deemed to be covered under this policy.</p>\n\n<p><br />\nTRANSFER OF<br />\nLOCATION CLAUSE<br />\n&nbsp;<br />\nIt is hereby understood and agreed that coverage with respect to any location[s] scheduled herein or endorsed hereto<br />\nremains in full force and effect in the event of the transfer of location[s], subject to notification of the transfer being made to<br />\nAlliedbankers Insurance Corporation within not more than 90 days of the transfer.</p>\n\n<p><br />\nTSUNAMI ENDORSEMENT</p>\n\n<p>The term &ldquo;tidal wave&rdquo; shall mean<br />\ninundation of the sea by an unusually high sea wave whether directly resulting from the occurrence of an earthquake or typhoon or<br />\notherwise.</p>\n\n<p>This extension shall not provide cover for:</p>\n\n<p>1.&nbsp;&nbsp;&nbsp;&nbsp;loss by reason of any ordinance or law regulating the construction or repair<br />\nof buildings:<br />\n2.&nbsp;&nbsp;&nbsp;&nbsp;loss by theft, whether occurring during or after a tidal wave;<br />\n3.&nbsp;&nbsp;&nbsp;&nbsp;any loss or damage which at the time of the<br />\nhappening of the loss or damage is insured by or would but for the existence of this policy be insured by any plate glass, casualty,<br />\naccident or other policy or policies except in respect of any excess beyond the amount which would have been payable under such policy<br />\nor policies had this insurance not been affecteding of the loss or damage is insured by or would but for the existence of this policy be<br />\ninsured by any plate glass, casualty, accident or other policy or policies except in respect of any excess beyond the amount which would<br />\nhave been payable under such policy or policies had this insurance not been affected</p>\n\n<p><br />\nTYPHOON ENDORSEMENT</p>\n\n<p>In consideration of the payment<br />\nby the Insured to the Company of an additional premium, it is hereby agreed that this insurance as herein defined subject to the Special<br />\nConditions hereinafter contained extends to include loss or damage directly caused by TYPHOON.</p>\n\n<p>DEFINITION</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term TYPHOON as<br />\nused in this endorsement shall be understood to mean a TYPHOON or STORM as recorded by the Weather Bureau.</p>\n\n<p>SPECIAL CONDITIONS:</p>\n\n<p>1. &nbsp;It is a<br />\ncondition of this insurance that the Insured undertakes to exercise all ordinary and reasonable precautions for the safety of the<br />\nproperty.</p>\n\n<p>2. &nbsp;Unless liability is specifically assumed by amendment to this endorsement, the Company&nbsp;shall not be liable for loss or<br />\ndamage to buildings in the course of construction or reconstruction&nbsp;or their contents) unless entirely enclosed and under roof &nbsp;with all<br />\noutside doors and windows&nbsp;permanently in place, or property contained in any portion of any building described in this policy not<br />\ncompletely enclosed and roofed. &nbsp;</p>\n\n<p>3. &nbsp;The Company shall not be liable for :<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;a. &nbsp;&nbsp;&nbsp;&nbsp;Loss or damage caused directly or<br />\nindirectly by flood, tidal wave, high water or overflow&nbsp;whether driven by wind or not. &nbsp;The Company shall not be liable for loss and/or<br />\ndamage&nbsp;caused directly or indirectly by backing up of sewers, drains, canals, creeks, rivers and/or&nbsp;storm drainage system.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;b. &nbsp;&nbsp;&nbsp;&nbsp;<br />\nLoss or damage caused directly or indirectly by landslide, subsidence, cloudburst or&nbsp;explosion, whether incidental to Typhoon or by<br />\ntheft whether occurring during or after a Typhoon or by the neglect of the Insured to use all reasonable means to save and preserve&nbsp;the<br />\nproperty during and after a Typhoon.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;c. &nbsp;&nbsp;&nbsp;Loss or damage caused by rain whether driven by wind or not, unless the building insured<br />\nor containing the property insured shall first sustain an actual damage to roof or walls by the&nbsp;direct force of a Typhoon and shall then<br />\nbe liable for such loss or damage to the building or&nbsp;insured property therein as may be caused by rain entering the building through<br />\nopenings in&nbsp;the roof or walls made by direct action of such Typhoon.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;d. &nbsp;&nbsp;&nbsp;Water damage as a result of doors, windows, transoms or<br />\nroof lights being left open, notwithstanding the existence or presence of Typhoon.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;e. &nbsp;&nbsp;&nbsp;Loss or damage to any building, or the<br />\ncontents thereof, if on the happening of such loss or &nbsp;damage the building was already in a damaged, defective, fallen or displaced<br />\ncondition as regards foundations, walls, ceiling, roofs, roof gutters and flushing, roof lights, air vents, doors, windows and<br />\ntransoms.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. &nbsp;&nbsp;&nbsp;&nbsp;Loss or damage occasioned by or through in consequence of the action or order of any government<br />\nor public authority.</p>\n\n<p>4.&nbsp;&nbsp;&nbsp;In the event of this Policy being surrendered by the Insured for cancellation, the company shall&nbsp;retain 100% of<br />\nthe premium notwithstanding what is stated in Condition Nos. 11 and 12 of this&nbsp;Policy to the contrary.&nbsp;</p>\n\n<p>5. &nbsp;&nbsp;It is understood and agreed<br />\nthat the Insured shall bear that portion of the loss or damage caused&nbsp;by typhoon to each affected item of insured property equivalent to<br />\n2% of its actual cash value at the&nbsp;time of &nbsp;loss, for each claim or series of claims arising out of any one Typhoon occurrence the&nbsp;<br />\nduration and extent of which shall be limited to 168 consecutive hours. &nbsp;For the purpose of this&nbsp;clause, the following shall be<br />\nconsidered as separate items of insured property, regardless of what&nbsp;is indicated in the policy schedule :</p>\n\n<p>&nbsp;&nbsp;&nbsp;1. &nbsp;&nbsp;&nbsp;&nbsp;Each building,<br />\nincluding machinery, equipment and fixtures normal to its operation;</p>\n\n<p>&nbsp;&nbsp;&nbsp;2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All machinery and equipment contained in each building;</p>\n\n<p>&nbsp;&nbsp;<br />\n&nbsp;3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All stocks in trade (raw materials, work-in-process, supplies and &nbsp;finished goods),contained in each building;</p>\n\n<p>&nbsp;&nbsp;&nbsp;4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All<br />\nother contents contained in each building.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In case of other insurances on the same item of property, this clause shall apply<br />\nonly once&nbsp;regardless of the number of policies or insurers.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is further understood and agreed that in the computation of<br />\nthe claims payable, Condition No. 20 Average Clause) &nbsp;of this Policy shall apply after the application of the deductible provided<br />\nherein.</p>\n\n<p>6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided always that all the conditions of the policy shall apply except as they may be hereby&nbsp;expressly &nbsp;varied. &nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;</p>\n\n<p>PROFESSIONAL FEES</p>\n\n<p>The Insurance by this Policy relating to buildings and machinery extends to include Architects&rsquo;, Surveyors&rsquo;, Legal<br />\nand Consulting Engineers&rsquo; Fees unless separately insured hereby.</p>\n\n<p>Any insurance of Fees applies only to those necessarily incurred in the<br />\nreinstatement of the property insured consequent upon its destruction or damage but not for preparing any claim, it being understood<br />\nthat the amount payable for such fees shall not exceed those authorized under the scales of the various institutions and/or bodies<br />\nregulating such charges and that the liability for such destruction or damage and fees shall not exceed in the aggregate the sum insured<br />\nby each property.</p>\n\n<p>Limit 5% of the Sum insured for each location subject to reinstatement after a loss.</p>\n\n<p><br />\nVOLCANIC ERUPTION ENDORSEMENT</p>\n\n<p>It is<br />\nhereby understood and agreed that in consideration of the payment by the Insured to the Company of an additional premium the Company<br />\nagrees, notwithstanding what is stated in the printed conditions of this Policy to the contrary, that this insurance covers direct loss<br />\nor damage (including loss or damage by fire) to any of the property insured by this Policy occasioned by volcanic eruption reported and<br />\nrecorded by the Philippine Institute of Volcanology and Seismology</p>\n\n<p>DEFINITION:<br />\nVolcanic eruption shall mean the process wherein molten<br />\nrock materials (collectively called as magma or lava) are emited or ejected in the form of flowing masses (lava flows and pyroclastic<br />\nflows), discrete particles (volcanic ash and pyroclastic and steam (water vapour and gases) from a crater, vent or fissure. Provided<br />\nalways that all the conditions of this Policy shall apply (except in so far as they may be hereby expressly varies) and that any<br />\nreference therein to loss or damage by fire should be deemed to apply also to loss or damage occasioned by volcanic eruption.</p>\n\n<p><br />\nCIVIL CODE<br />\nARTICLE 1250 WAIVER CLAUSE</p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines<br />\n[Republic Act No. 386] which reads:</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;In case an extraordinary inflation or deflation of the currency stipulation should supervene,<br />\nthe value of the currency at the time of the establishment of the obligation shall be the basis of payment,&rdquo; . . . .</p>\n\n<p>shall not apply in<br />\ndetermining the extent of liability under the provisions of this Policy.</p>\n\n<p><br />\nOMNIBUS CLAUSE</p>\n\n<p>All applicable provisions of Presidential Decree<br />\nNo. 612 otherwise known as the &ldquo;The Insurance Code&rdquo; are deemed to have been incorporated into this Policy and will supersede any<br />\nagreement/condition of the Policy inconsistent therewith.</p>\n\n<p><br />\nDELETION OF CONDITION NO. 8-C</p>\n\n<p><br />\nREMOVAL OF DEBRIS</p>\n\n<p>It is understood that the<br />\ninsurance by this Policy relating to buildings, machinery, contents and stock extends to include costs and expenses necessarily,<br />\nincurred by the Insured with the consent of Insurer[s] in:</p>\n\n<p>a.&nbsp;&nbsp;&nbsp;&nbsp;removal debris;<br />\nb.&nbsp;&nbsp;&nbsp;&nbsp;dismantling and/or demolishing;<br />\nc.&nbsp;&nbsp;&nbsp;&nbsp;shoring up or<br />\npropping;<br />\nd.&nbsp;&nbsp;&nbsp;&nbsp;affecting access to and/or recovery; and<br />\ne.&nbsp;&nbsp;&nbsp;&nbsp;clearing drains and sewers</p>\n\n<p>of the portion or portions of the property<br />\ninsured by the said items, destroyed or damaged by fire or by any other peril hereby insured against.</p>\n\n<p>The liability of insurer[s] under<br />\nthis clause and the Policy in respect of any item shall in no case exceed P10,000,000.00 per location nor P25,000,000.00 per occurrence.</p>\n\n<p>NOTICE</p>\n\n<p>For your own protection you are requested to the read this Policy in full, including its conditions, and it is not in accordance<br />\nwith your intentions, please return it immediately for correction.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p>STOCKS DECLARATION ENDORSEMENT</p>\n\n<p><br />\n1. &nbsp;In consideration of the premium<br />\nby this policy being provisional in that it is calculated on 75% of the sum insured hereby and is subject to adjustment on expiry of<br />\neach period of insurance.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Insured agrees to declare to the Company in writing the value of his stocks (other than retail) less<br />\nany amount insured by policies other than declaration policies on the following basis, namely the average value risk on the end of each<br />\nmonth which relates and to make such declaration within seven days of this day, such declaration to be signed by the Insured or by a<br />\nresponsible person authorized to sign on his behalf.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If other policies on a declaration basis cover the stocks hereby insured the<br />\ndeclaration shall be made so as to apportion to each policy a share of the value of the stocks insured under such declaration policies<br />\npro-rata to the respective amounts named in the policies.</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of a declaration not being made within the seven days<br />\nmentioned above then the Insured shall be deemed to have declared the sum Insured hereby as the value at risk. &nbsp;On the expiry of each<br />\nperiod of insurance the premium shall be calculated at the rate of 100% on the average sum insured, namely, the total of the values<br />\ndeclared or deemed to have been declared divided by the number of declaration due to have been made. &nbsp;If the resultant premium be<br />\ngreater than the provisional premium the Insured shall pay the difference; &nbsp;if it be less the Company shall retain provisional premium.</p>\n\n<p>2. &nbsp;If after the occurrence of a loss it is found that the amount of the last declaration previous to the loss is less than the amount<br />\nthat ought to have been declared, then the amount which would have been recoverable by &nbsp;the Insured shall be reduced in such proportion<br />\nas the amount of the said last declaration bears to the amount that ought to have been declared.</p>\n\n<p>3. &nbsp;Notwithstanding the occurrence of a<br />\nloss it is understood that the sum insured will be maintained at all times during the currency of the policy and the Insured therefore<br />\nundertakes to pay extra premium on the amount of loss pro-rata from the date of such loss to the expiry of the period of insurance, the<br />\npremium being calculated at the rate applicable to the stocks destroyed and such extra premium shall not be taken into account &nbsp;in and<br />\nshall be distinct from the final adjustment of premium.</p>\n\n<p>4. &nbsp;In the event of this policy being cancelled by the Insured during its<br />\ncurrency (whether stocks exist or not) the premium to be retained by the Company shall be the appropriate short period premium<br />\ncalculated on the average amount insured up to the date of the cancellation, but if the policy is cancelled by the Insured after a loss<br />\nhas occurred the premium to be retained by the Company shall be the pro-rata proportion of the premium calculated on the average amount<br />\ninsured up to the date of cancellation plus the pro-rata proportion of the premium from the date of loss to the expiry of the period of<br />\ninsurance on the amount of the loss paid or &nbsp;the provisional premium whichever is the greater.</p>\n\n<p>5. &nbsp;The maximum liability of the Company<br />\nshall not exceed the sum insured hereby and premium shall not be receivable on values in excess thereof. &nbsp;The sum insured may, however,<br />\nbe increased by prior agreement with the Company, in which event the new sum insured and the date from which it is effective will be<br />\nrecorded on the policy by endorsement.</p>\n\n<p>6. &nbsp;It is warranted that every policy covering the insured&#39;s stocks on a declaration basis shall<br />\nbe identical in wording.</p>\n\n<p>7. &nbsp;This insurance is subject in all respects to the printed conditions of the policy except in so far as they<br />\nmay be varied by these Special Conditions.</p>\n\n<p>&nbsp;&nbsp;&nbsp;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p><br />\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ALLIEDBANKERS INSURANCE CORPORATION</p>\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; ______________________________________________<br />\n&nbsp;&nbsp;&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AUTHORIZED SIGNATURE<br />\n&nbsp;</p>\n', '', 9861, '', '2017-09-25 14:13:36', '2017-09-25 14:13:36', 194, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(760, '3', 'NOT-CLAIM-CL', 'NOTICE OF CLAIM CLAUSE', '<p>It is hereby declared and agreed that, in event of any accident which may give rise to a claim payable under this Policy, the Insured shall give notice thereof to the Company within the (30) days from the date of the accident, with full particulars of the claim. Failure to do so may result in the claim not being payable by the Policy.</p>\n', '14,16,15,20,17,18,19,21,26,74', 400, '', '2017-10-02 19:24:27', '2017-10-02 19:24:50', 69, 69),
(761, '0', 'STD-REP-CL', 'STANDARD REPAIR CLAUSE', '<p>It is hereby declared and agreed that, in the event of a claim for Own Damage Under Section III hereof, if the Insured Vehicle is more than three (3) years old at &nbsp;the time of loss, repairs shall be undertaken by a non-dealer (non-casa) repair shop accredited with the Company.<br />\nIt is further declared and agreed that , vehicle more than three (3) years old and Insured wants to have the unit repaired at dealership (casa), the Insured must shoulder thirty five percent (35%) of the total cost of labor and materials on top of the application of the Deductible Clause and Depreciation Clause.<br />\n&nbsp;</p>\n', '', 410, '', '2017-10-02 19:25:21', '2019-05-23 10:18:24', 69, 69),
(762, '1,2,3,4,5,6,7,18,19', 'END- IOC- REF. NO. 112017-UW-014-0153', 'ENDORSEMENT IOC REF. NO. 112017-UW-014-0153', '<p>It is hereby declared and agreed that the premiums must be paid on due date, otherwise in the event of loss or damage, the claim will be invalid and not compensable.</p>\n', '2,3,4,5,6,9,10,7,8,11,12,13,76,102,23,24,25,52,53,71,72,73,79,80,85,14,16,15,20,17,18,19,21,26,74,34,78,35,38,39,54,63,64,81,90,93,94,95,96,97,55,56,57,58,59,60,61,62,65,66,67,75,68,69,70,98,99,100,101,82,86,87,88,89,91,92,22,83,49,84', 520, '', '2017-11-10 10:43:02', '2017-11-10 11:01:57', 194, 71),
(763, '1', 'ADV-SIG-DEC-LIA', 'ADVERTISING SIGN AND DECORATION LIABILITY ', '<p>This policy indemnifies the Insured in respect of their legal third party liabilities arising in connection with the advertising signs, neon signs and decorations belongings to the Insured.</p>\n', '', 1000, '', '2017-12-07 09:15:43', '2017-12-07 09:15:43', 194, 194),
(764, '1', 'ARM-ROB', 'ARMED ROBBERY', '<p>IT IS HEREBY DECLARED AND AGREED that the above menitoned policy covers Bodily Injury and Propety Damage to guest resulting from armed robbery or thru irresistible force.</p>\n\n<p>Amount of Coverage should be:<br />\nAs per policy Schedule<br />\n<br />\nCOMBINES SINGLE LIMIT (BODILY INJURY/PROPERTY DAMAGE) PER OCCURRENCE AND AGGREGATE LIMIT ANY ONE POLICY PERIOD.</p>\n', '', 1001, '', '2017-12-07 09:21:02', '2017-12-07 09:24:13', 194, 194),
(765, '1', 'FIR-AID-FAC', 'FIRST AID FACILITIES', '<p>The Insurance by this Policy extends to indemnity the Insured in respest of legal liability arising out of provisions by the Insured of First AId Facilities but excluding any act of negligence, omission or neglect of any duly qualifies member of the medical profession or any employee or voluntary worker of any hospital or ambulance organization.</p>', '', 1002, '', '2017-12-07 09:36:02', '2017-12-07 09:36:02', 194, 194),
(766, '1,6', 'PER-INJ-LIA', 'PERSONAL INJURY LIABILITY', '<p>Notsithstanding anything contained within the Printed Policy to the contrary and subject to the payment of additional premium.&nbsp; IT IS DECLARED AND AGREED THAT the Bodily Injury Coverage of the Policy is extended to include PERSONAL INJURY, defined as follows:-<br />\n<br />\nPERSONAL INJURY shall mean any injury sustaines by any person or organization and arising out of one or more of the following OFFENSES committed in the conduct of the named Insured business:<br />\n<br />\nGROUP A: false arrest, detention or imprisonment, or malicious prosecution;<br />\n<br />\nGROUP B: the publication or utterance of a libel or slander or of other defamatory or disparaging material, or publication or utterances in violation of an individual&#39;s right of privary; EXCEPT publications or utterances in the course of or related to advertising, broadcasting or elecasting activities conducted by or on behald of the Insured;<br />\n<br />\nGROUP C: wrongful entry or eviction, or other invasion of the right private occupancy.<br />\n<br />\nThe Company shall have the right abnd duty to defend any suit against the Insured seeking damages on account of such bodily injury or property, even if any of the allegations of the suits are groundless, false, or fraudulent, and may make such investigation and settlement of any claim or suit as it deems expedient, but the Company shall not be obliged to pay any claim or judgement or to defence any suit after the applicable limit of the Comapny&#39;s liability under this extension has been wxhausted by payment or judgement or settlements.<br />\n<br />\nLIMIT OF LIABILITY<br />\n<br />\nThe Libility of the Company for all compensation under this EXTENSION shall not exceed the following kimits:<br />\n<br />\nAs per policy schedule<br />\nper occurrence<br />\nAs per policy schedule<br />\nAggregate for all compensation under EXTENSION during anyone period of Insurance.<br />\n<br />\nEXCEPTIONS PARTICULAR TO THIS EXTENSION<br />\n<br />\nThe Company shall not be liable for claims in respect of:<br />\n1. Personal Injury arising out of the willful violation of penal statute or ordinance by or with the knowledge or consent of the Insured.<br />\n2. Personal injury sustained by any person as a result of any offense directly or indirectly related to the employment of such person by the Insured:<br />\n3. Personal Injury arising out of any publication or utterance described in Group B, if the first injurious publication or utterance of the same or similar mateiral by or on behalf of the Insured was made prior to the effectivity date of this Extension:<br />\n4. Personal Injury arising out of a publication or utterance described in Group B concerning any organization or business enterprise, or its products or services, made by or at the direction of any Insured with knowledge of the falsity thereof;<br />\n5. Personal Injury arising out of any partnership or joint venture of which the Insured is a person or member and which is not designated in the policy as an Insured.<br />\n<br />\nADDITIONAL DEFINITION PARTICULAR TO THIS EXTENSION<br />\n<br />\n&quot;Compensation&quot; when used in reference to this EXTENSION, shall mean only those compensation which are payable because of personal injury arising out of an offense to which the coverage of this EXTENSION applies.<br />\n<br />\nNothing herein contained shall be held to vary, alter, waive or change any terms, limits or conditions of this Policy except herein above set forth.</p>\n', '', 1002, '', '2017-12-07 10:58:08', '2021-05-27 18:24:04', 194, 194),
(767, '1', 'WOR-AW', 'WORK AWAY', '<p>Notwithstanding anything contained herein to the contrary, it is hereby declared and agreed that Property Damage to premises (and their contents) not owned or rented by the Insured but which are temporarily occupied by the Insured for the purpose of work therein but excluding that part of such property upon which the Insured is or has been working</p>\n', '', 1003, '', '2017-12-07 11:14:59', '2019-07-25 10:20:28', 194, 194),
(768, '1', 'AUT-RE-LO', 'AUTOMATIC REINSTATEMENT OF LOSS', '<p>Losses, if any, paid under this policy is automatically reinstated to the extend, replace/repaired, subject to payment of additional premium computed pro-rata for the number of days remaining in the policy period.</p>\n', '', 1005, '', '2017-12-07 11:42:24', '2018-10-02 16:55:35', 194, 194),
(770, '1', 'INF-TECH-CLA-AGR', 'INFORMATION TECHNOLOGY CLARIFICATION AGREEMENT', '<p>Property damage covered under this Agreement shall mean physical damage to the substance of property.&nbsp;</p>\n\n<p>Physical damage to the substance of property shall not include damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure.&nbsp;</p>\n\n<p>Consequently the following are excluded from this Agreement:&nbsp;</p>\n\n<p>A.&nbsp;&nbsp; &nbsp; Loss of or damage to data or software, in particular any detrimental change in data, software or computer programs that is caused by a deletion, a corruption or a deformation of the original structure, and any business interruption losses resulting from such loss or damage. Notwithstanding this exclusion, loss of or damage to data or software which is the direct consequence of insured physical damage to the substance of property shall be covered.&nbsp;</p>\n\n<p>B.&nbsp;&nbsp; &nbsp;Loss of damage resulting from an impairment in the function, availability, range of use or accessibility of data, software or computer programs, and any business interruption losses arising from such loss or damage</p>\n', '', 1010, '', '2017-12-11 16:42:45', '2017-12-11 16:42:45', 194, 194),
(771, '1,6', 'CYB-RI-EXL-CLA', 'CYBER RISK EXCLUSIONS CLAUSE', '<p>This Endorsement contains words and phrases which have specific definitions for this endorsement only. Refer to item C below for details of these definitions.&nbsp;</p>\n\n<p>Notwithstanding any other provisions in the &quot;policy&quot; to which this endorsement is attached this &quot;policy&quot; does not insure against:&nbsp;</p>\n\n<p>Loss, damage, corruption, destruction, distortion, interruption, disruption, erasure, deletion, alteration, &nbsp;loss of use, reduction in functionality, loss of access to, denial of access to, or breakdown of Electronic Data from any cause whatsoever except for losses directly caused by any of the following causes: fire, lightning, explosion, windstorm, hail, aircraft or vehicle impact, riot, civil commotion, smoke, and leakage or automatic discharge from fire protection systems, all occurring during the &quot;policy period&quot; to &quot;insured properly&quot;.&nbsp;</p>\n\n<p>Any &quot;time element&quot; loss resulting from any loss, damage, corruption, destruction, distortion, interruption, disruption, erasure, deletion, alteration, loss of use, reduction in functionality, loss of access to, denial of access to, or breakdown of Electronic Data excluded by paragraph 1. above.&nbsp;</p>\n\n<p><br />\nThis &quot;policy&quot; will not pay the cost of any advice, consultation, design, evaluation, inspection, installation, maintenance, repair, replacement or supervision provided or done by or for any Insured to determine, rectify, or test for any loss, damage, corruption, destruction, distortion, interruption, disruption, erasure, deletion, alteration, loss of use, reduction in functionality, loss of access to, denial of access to, or breakdown of Electronic Data excluded by paragraph 1 above.&nbsp;</p>\n\n<p>In addition, this &quot;policy&quot; will not pay for the repair, replacement or modification of any computer hardware, including microprocessors, firewalls, routers, or hubs, computer application software, computer operating systems and related software, or computer networks and related hardware and software to correct any deficiencies, change any features, or otherwise prevent the occurrence of any loss, damage, corruption, destruction, distortion, interruption, disruption, erasure, deletion, alteration, loss of use, reduction in functionality, loss of access to, denial of access to. Or breakdown of Electronic Data excluded by paragraph 1. above.&nbsp;</p>\n\n<p>Nevertheless, if fire or explosion is not excluded from this &quot;policy&quot; and a fire or explosion results directly or indirectly from any loss, damage, corruption, destruction, distortion, interruption, disruption, erasure, deletion, alteration, loss of use, reduction in functionality, loss of access to, denial of access to, or breakdown of Electronic Data excluded by paragraph 1. above, any loss or damage insured under this &quot;policy&quot; arising directly from that fire or explosion shall ( subject to the terms, exclusions, limits, and conditions of this &quot;policy&quot;) be covered.&nbsp;</p>\n\n<p>Valuation&nbsp;</p>\n\n<p>Media, data, programs or other software stored on or for use with any computer or other electronic and electromagnetic data processing and production equipment, the cost of blank media plus the cost of reproducing such media, data, programs or other software from duplicates (backups) or from originals of the previous generation of the data, programs or software, If such items are actually reproduced, but not liability is assumed&nbsp;</p>\n\n<p>For any other cost, including research, engineering, programming, or assembling or gathering information, incurred in restoring or recreating data or programs lost, nor for any liability inconsistent with the terms of this endorsement;</p>\n', '', 1010, '', '2017-12-11 16:46:48', '2020-09-02 10:47:21', 194, 228),
(772, '2', 'ROD', 'Rusting, Oxidation & Discoloration', '<p>Excluding Rusting, Oxidation &amp; Discoloration</p>\n', '', 450, '', '2017-12-22 14:05:39', '2017-12-22 14:05:39', 169, 169),
(773, '2', 'IN-MAR-REINS', 'INLAND MARINE REINSTATEMENT ENDORSEMENT', '<p>The Company shall in no case be liable for more than the aggregate limit of insurance set forth in this policy during any one policy period. &nbsp;Such amount of insurance shall be reduced by the amount of each loss or damage so claimed by the Assured and the balance, if any, shall be considered the amount of insurance available to the Assured for any loss or damage occurring thereafter.</p>\n\n<p>&nbsp;</p>\n\n<p>If at any time during the policy period the amount of insurance be fully exhausted and no reinstatement prior to such full exhaustion be allowed, then the cover provided under this section is deemed automatically cancelled and therefore null and void as at the time the event giving rise to such full exhaustion occurred.</p>\n\n<p><br />\n&nbsp;</p>\n\n<p>The amount of insurance may be reinstated only when requested by the Assured, approved by the Company and the premium is paid. &nbsp;The denial of any Claim does not automatically reinstate the Limit of Liability or amount of insurance to the extent of such claim so denied nor shall the addition of any Assured or property increase the Limit of Liability or amount of insurance existing at such time.</p>\n', '', 1000, '', '2018-01-02 17:07:50', '2018-01-02 17:07:50', 202, 202),
(774, '5', 'CONTRACTORS ALL RISK POLICY CONDITION', 'CONTRACTORS ALL RISK POLICY CONDITION', '<p style="text-align:center"><strong>CONTRACTORS&rsquo; ALL RISKS POLICY</strong></p>\n\n<p><br />\n&nbsp; &nbsp; &nbsp; &nbsp;WHEREAS THE INSURED named in the Schedule hereto has made to the &nbsp;</p>\n\n<p style="text-align:center"><br />\n<strong>ALLIEDBANKERS INSURANCE CORP.</strong></p>\n\n<p><br />\n(hereinafter called &ldquo;the Insurers&rdquo;) a written proposal by completing a Questionnaire which together with any other statements made in writing by the Insured for the purpose of this Policy is deemed to be incorporated herein,</p>\n\n<p>NOW THIS POLICY OF INSURANCE WITNESSETH that subject to the Insured having paid to the Insurers the premium mentioned in the Schedule and subject to the terms, exclusions, provisions and conditions contained herein or endorsed hereon the Insurers will indemnify the Insured in the manner and to the extent hereinafter provided.&nbsp;</p>\n\n<p><strong>GENERAL EXCLUSIONS</strong></p>\n\n<p>The insurers will not indemnify the insured in respect of loss, damage or liability directly or indirectly caused by or arising out of</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion, military or usurped power, a group of malicious person or persons acting on behalf of or in connection with any political organization, conspiracy, confiscation, commandeering, requisition or destruction or damage by order any government de jure or de facto or by any public authority;&nbsp;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;nuclear reaction, nuclear radiation or radioactive contamination;</p>\n\n<p>c)&nbsp;&nbsp; &nbsp;willful act or willful negligence of the Insured or of his representatives;</p>\n\n<p>d)&nbsp;&nbsp; &nbsp;cessation of work whether total or partial.</p>\n\n<p>In any action, suit or other proceeding where the Insurers allege that by reason of the provisions of Exclusion a)above any loss, destruction, damage or liability is not covered by this insurance the burden of proving that such loss, destruction, damage or liability is covered shall be upon the Insured.</p>\n\n<p><strong>PERIOD OF COVER</strong></p>\n\n<p>The liability of the Insurers shall commence, notwithstanding any date to the contrary specified the Schedule, directly upon commencement of work or after the unloading of the items entered in the Schedule at the site. The Insurers&rsquo; liability expires for parts of the insured contract works taken over or put into service.</p>\n\n<p>At the latest the insurance shall expire on the date specified in the Schedule.</p>\n\n<p><strong>GENERAL CONDITIONS</strong></p>\n\n<p>1.&nbsp;&nbsp; &nbsp;The due observance and fulfillment of the terms of this Policy in so far as they relate to anything to be done or complied with by the Insured and the truth of the statements and answers in the questionnaire and proposal made by the Insured shall be a condition precedent to any liability of the Insurers.</p>\n\n<p>2.&nbsp;&nbsp; &nbsp;The Schedule and the Section(s) shall be deemed to be incorporated in and form part of this Policy and the expression &ldquo;this Policy&rdquo; wherever used in this contract shall be read as including the Schedule and the Section(s). Any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule or of the Section(s) shall bear such meaning wherever it may appear.</p>\n\n<p>3.&nbsp;&nbsp; &nbsp;The Insured shall at his own expense take all reasonable precautions and comply will all reasonable recommendations of the Insurers to prevent loss, damage or liability and comply with statutory requirements and manufacturer&rsquo;s recommendations.<br />\n&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;<br />\n4.&nbsp;&nbsp; &nbsp;a) Representatives of the Insurer shall at any reasonable time have the right to inspect and examine the risk and the Insured shall provide the representative of the Insurers with all details and information necessary for the assessment of the risk.<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<br />\nb) The Insured shall immediately notify the Insurers by telegram and in writing of any material change in the risk and cause at his own expense such additional precautions to be taken as circumstances may require, and the scope of cover &nbsp;and/or premium shall, if necessary, be adjusted accordingly.<br />\n&nbsp;&nbsp; &nbsp;<br />\nNo material alternation shall be made or admitted by the Insured whereby the risk is increased, unless the continuance of the insurance be confirmed in writing by the Insurers.</p>\n\n<p>5.&nbsp;&nbsp; &nbsp;In the event of any occurrence which might give rise to a claim under this Policy, the Insured shall</p>\n\n<p>a) immediately notify the Insurers by telephone or telegram as well as in writing, giving an indication as to the nature and extent of loss or damage;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;take all steps within his power to minimize the extent of the loss or damage;</p>\n\n<p>c)&nbsp;&nbsp; &nbsp;preserve the parts affected and make them available for inspection by a representative or surveyor of the Insurers;</p>\n\n<p>d)&nbsp;&nbsp; &nbsp;furnish all such information and documentary evidence as the Insurers may require;</p>\n\n<p>e)&nbsp;&nbsp; &nbsp;inform the police authorities in case of loss or damage due to theft, burglary or sabotage.</p>\n\n<p>The Insurers shall not in any case be liable for loss, damage or liability of which no notice has been received by the Insurers within 14 days of its occurrence.</p>\n\n<p>Upon notification being given to the Insurers under this condition, the Insured may carry out the repairs or replacement of any minor damage; in all other cases a representative of the Insurers shall have the opportunity of inspecting the loss or damage before any repairs or alternations are effected. If a representative of the Insurers does not carry out the inspection within 30 days, unless otherwise<br />\nprevented to do so by reason of circumstances beyond the control of the Insurer, the Insured is&nbsp;</p>\n\n<p><br />\nentitled to proceed with the repairs or replacement.</p>\n\n<p>The liability of the Insurers under this Policy in respect of any item sustaining damage shall cease if said item is not repaired properly without delay.<br />\nThe amount of any loss or damage for which an Insurer may be liable under this Policy, shall be paid within thirty (30) days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Insured and the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days after such receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the assured to collect interest on the proceeds of the Policy for the duration of the delay at the rate of twice the ceiling prescribed by the Monetary Board, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.&nbsp;</p>\n\n<p>6.&nbsp;&nbsp; &nbsp;The Insured shall at the expense of the Insurers do and concur in doing and permit to be done all such acts and things as may be necessary or required by the Insurers in the interest of any rights or remedies, or of obtaining relief or indemnity from parties (other than those insured under this policy) to which the Insurers shall be or would become entitled or subrogated upon their paying for or making good any loss or damage under this Policy, whether such acts and things shall be or become necessary or required before or after the Insured&rsquo;s indemnification by the Insurers.</p>\n\n<p>7.&nbsp;&nbsp; &nbsp;All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator to be appointed by the parties in difference or if they cannot agree upon a single arbitrator to the decision of two arbitrators one to be appointed in writing by each of the parties within thirty days after having been required in writing so to do by either of the parties or in case of disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator of arbitrators or umpire shall be a condition precedent to any right of action against the company.</p>\n\n<p>8.&nbsp;&nbsp; &nbsp;If a claim is in any respect fraudulent, or if any false declaration is made or used in support thereof, or if any fraudulent means or devices are used by the Insured or anyone acting on his behalf to obtain benefit under this Policy, or if a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) &nbsp;months from receipt of notice of such rejection, or in case of arbitration taking place as provided herein, within twelve (12) months after due notice of the award made by &nbsp;the arbitrator or arbitrators or umpire, then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p>9.&nbsp;&nbsp; &nbsp;If at the time any claim arises under the Policy there be any other insurance covering the same loss, damage or liability the Insurers shall not be liable to pay or contribute more than their ratable proportion of any claim for such loss, damage or liability. If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in a like manner.</p>\n\n<p>10.&nbsp;&nbsp; &nbsp;This insurance may be terminated by the Insurers after seven days&rsquo; notice to that effect being given to the Insured. &nbsp;However, no notice of cancellation shall be effective unless it is based on the occurrence, after the effective date of the Policy, of one or more of the following:</p>\n\n<p>(a)&nbsp;&nbsp; &nbsp;conviction of a crime arising out of acts increasing the hazard insured against;</p>\n\n<p>(b)&nbsp;&nbsp; &nbsp;discovery of fraud or material misrepresentation;</p>\n\n<p>(c)&nbsp;&nbsp; &nbsp;discovery of willful or reckless acts or omissions increasing the hazard insured against;</p>\n\n<p><br />\n(d)&nbsp;&nbsp; &nbsp;physical changes in the property insured which result in the property becoming uninsurable; or</p>\n\n<p>(e)&nbsp;&nbsp; &nbsp;a determination by the Commissioner that the continuation of the Policy would violate or would place the Insurer in violation of this Code.</p>\n\n<p>All notices of cancellation shall be in writing, mailed or delivered to the named Insured at the address shown in the policy, and shall state (a) which of the grounds set forth above is relied upon and (b) that, upon written request of the named Insured, the Insurer will furnish the facts on which the cancellation is based.</p>\n\n<p><strong>SECTION I &ndash; MATERIAL DAMAGE</strong></p>\n\n<p>The Insurers hereby agree with the Insured that if at any time during the period of cover the items or any part thereof entered in the Schedule shall suffer any unforeseen and sudden physical loss or damage from any cause, other those specifically excluded, in a manner necessitating repair or replacement, the Insurers will indemnify the Insured in respect of such loss or damage as hereinafter provided by payment in cash, replacement or repair (at their own option) up to an amount not exceeding in respect of each of the items specified in the Schedule the sum set opposite thereto and not exceeding in any one event the limit of indemnity where applicable and not exceeding in all the total sum expressed in the Schedule as insured hereby.</p>\n\n<p>The Company will also reimburse the insured for the cost of clearance and removal of debris following upon any event giving rise to an admissible claim under this Policy but not exceeding in all the sum set opposite thereto in the Schedule. The term &ldquo;debris&rdquo; means debris only of the insured property and the cost of clearance and removal of debris pertaining to property not insured by the Policy will not be payable.</p>\n\n<p><br />\n<strong>SPECIAL EXCLUSIONS TO SECTION I</strong></p>\n\n<p>The Insurer shall not, however, be liable for</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;the deductibles stated in the Schedule to be borne by the Insured in any one occurrence;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;consequential loss of any kind or description whatsoever including penalties, losses due to delay, lack of performance, loss of contract;</p>\n\n<p>c)&nbsp;&nbsp; &nbsp;loss or damage due to faulty design;</p>\n\n<p>d)&nbsp;&nbsp; &nbsp;the cost of replacement, repair or rectification of defective material and/or workmanship, but this exclusion shall be limited to the items immediately affected and shall not be deemed to exclude loss of or damage to correctly executed items resulting from an accident due to such defective material and/or workmanship;</p>\n\n<p>e)&nbsp;&nbsp; &nbsp;wear and tear, corrosion, oxidation, deterioration due to lack of use and normal atmospheric conditions;</p>\n\n<p>f)&nbsp;&nbsp; &nbsp;mechanical and/or electrical breakdown or derangement of construction plant, equipment and construction machinery;</p>\n\n<p>g)&nbsp;&nbsp; &nbsp;loss of or damage to vehicles licensed for general road use or waterborne vessels or aircrafts;</p>\n\n<p>h)&nbsp;&nbsp; &nbsp;loss of or damage to files, drawings, accounts, bills, currency, stamps, deeds, evidences of debt, notes, securities, cheques;</p>\n\n<p>i)&nbsp;&nbsp; &nbsp;loss or damage discovered only at the time of taking an inventory</p>\n\n<p><strong>PROVISIONS APPLYING TO SECTION I</strong></p>\n\n<p><strong>Memo 1 &ndash; Sums Insured:</strong> It is a requirement of this insurance that the sums insured stated in the Schedule shall not be less than</p>\n\n<p><strong>For item 1:</strong> &nbsp;the full value of the contract works at the completion of the construction, inclusive of all materials, wages, freight, customs duties, dues and materials or items supplied by the Principal;</p>\n\n<p><strong>For items 2 and 3:</strong> the replacement value of construction plant, equipment and construction machinery which shall mean the cost of replacement of the insured items by new items of the same kind and same capacity;</p>\n\n<p>and the Insured undertakes to increase or decrease the amounts of insurance in the event of any material fluctuation in wages or prices provided always that such increase or decrease shall take effect only after the same has been recorded on the Policy by the Insurers.</p>\n\n<p>If, in the event of loss or damage, it is found that the sums insured are less than the amounts required to be insured, then the amount recoverable by the Insured under this Policy shall be reduced in such proportion as the sums insured bear to the amounts required to be insured. &nbsp;Every object and cost item is subject to this condition separately.</p>\n\n<p><strong>Memo 2 &ndash; Basis of Loss Settlement:&nbsp;</strong></p>\n\n<p>In the event of any loss or damage the basis of any settlement under this Policy shall be&nbsp;</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;in the case of damage which can be repaired &ndash; the cost of repairs necessary to restore the items to their condition immediately before the occurrence of the damage less salvage, or</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;in the case of a total loss &ndash; the actual value of the items immediately before the occurrence of the loss less salvage,</p>\n\n<p>however, only to the extent the costs claimed had to be borne by the Insured and to the extent they are included in the sums insured and provided always that the provisions and conditions have been complied with.</p>\n\n<p>The Insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be. All damage which can be repaired shall be repaired, but if the cost of repairing any damage equals or exceeds the value of the items immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in b) above.</p>\n\n<p>The cost of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final repairs and do not increase the total repair expenses.</p>\n\n<p>The cost of any alternations, additions and/or improvements shall not be recoverable under this Policy.</p>\n\n<p><br />\n<strong>Memo 3 &ndash; Extension of Cover:</strong> Extra charges for overtime, nightwork, work on public holidays, express freight are covered by this insurance only if previously and specially agreed upon in writing.</p>\n\n<p style="text-align:center"><br />\n<strong>SECTION II &ndash; THIRD PARTY LIABILITY</strong></p>\n\n<p>The Insurers will indemnify the Insured up to but not exceeding the amounts specified in the Schedule against such sums which the Insured shall become legally liable to pay as damages consequent upon</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;accidental bodily injury to or illness of third parties ( whether fatal or not)</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;accidental loss of or damage to property belonging to third parties</p>\n\n<p>occurring in direct connection with the construction or erection of the items insured under Section I and happening on or in the immediate vicinity of the site during the Period of Cover.</p>\n\n<p>In respect of a claim for compensation to which the indemnity provided herein applies, the Insurers will in addition indemnify the Insured against</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;all costs and expenses of litigation recovered by any claimant from the Insured, and</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;all costs and expenses incurred with the written consent of the Insurers provided always that the liability of the Insurers &nbsp;under this Section shall not exceed the limits of indemnity stated in the Schedule.</p>\n\n<p><strong>SPECIAL EXCLUSIONS TO SECTION II</strong></p>\n\n<p>The Insurers will not indemnify the Insured in respect of</p>\n\n<p>1. the deductible stated in the Schedule to be borne by the Insured in any one occurrence;</p>\n\n<p>2. the expenditure incurred in doing or redoing or making good or repairing or replacing anything covered or coverable under Section I of this Policy</p>\n\n<p>3. damage to any property or land or building caused by vibration or by the removal or weakening of support or injury or damage to any person or property occasioned by or resulting from any such damage;</p>\n\n<p>4. liability consequent upon&nbsp;</p>\n\n<p>a)&nbsp;&nbsp; &nbsp;bodily injury to or illness of employees or workmen of the Contractor(s) or the Principal(s) or any other firm connected with the project which or part of which is insured under Section I;</p>\n\n<p>b)&nbsp;&nbsp; &nbsp;loss of or damage to property belonging to or held in care custody or control of the Contractor(s), the Principal(s) or any other firm connected with the project which or part of which is insured under Section I, or an employee or workman of one of the aforesaid;</p>\n\n<p>c)&nbsp;&nbsp; &nbsp;any accident caused by vehicles licensed for general road use or by waterborne vessels or aircraft;</p>\n\n<p>d)&nbsp;&nbsp; &nbsp;any agreement by the Insured to pay any sum by way of indemnity or otherwise unless such liability would have attached also in the absence of such agreement.</p>\n\n<p><strong>SPECIAL CONDITIONS APPLYING TO SECTION II</strong></p>\n\n<p>1. No admission, offer, promise, payment or indemnity shall be made or given by or on behalf of the Insured without the written consent of the Insurers who shall be entitled, if they so desire, to take over and conduct in the name of the Insured the defense or settlement of any claim or to prosecute for their own benefit in the name of the insured any claim for indemnity or damages or otherwise and shall have full discretion in the conduct of any proceedings or in the settlement of any claim and the Insured shall give all such information and assistance as the Insurers may require.</p>\n\n<p>2. The Insurers may so far as any accident is concerned pay to the Insured the limit of indemnity for any one accident (but deducting therefrom in such case any sum or sums already paid as compensation in respect thereof) or any lesser sum for which claim or claims arising from such accident can be settled and the Insurers shall thereafter be under no further liability in respect of such accident under this Section.</p>\n\n<p style="text-align:center"><br />\n<strong>NOTICE</strong></p>\n\n<p>The Insurance Commissioner, with offices in Manila, is the government official in charge of the enforcement of all laws relating to insurance and has supervision over insurance companies. He is ready at all times to render assistance in settling any controversy between an Insurance Company and a policyholder relating to insurance matters.</p>\n\n<p>For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</p>\n\n<p style="text-align:center"><strong>CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</strong></p>\n\n<p>IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads;<br />\n&nbsp;&nbsp; &nbsp;<br />\n&ldquo;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be basis of payment,&rdquo;</p>\n\n<p>shall not apply in determining the extent of liability under the provisions of this Policy.</p>\n\n<p style="text-align:center"><strong>OMNIBUS CLAUSE</strong></p>\n\n<p>All applicable provisions of Presidential Decree No. 1460, otherwise known as the Insurance Code of 1978, as amended, as of the date of effectivity, latest renewal or latest reinstatement of this policy/certificate/contract of insurance, as the case may be, and all existing laws obligatory upon insurance companies as may be pertinent are deemed incorporated in this policy/certificate/contract of&nbsp;<br />\ninsurance and will supersede any agreement/contract inconsistent therewith.</p>\n\n<p style="text-align:center"><strong>CHANGES IN POLICY CLAUSE</strong></p>\n\n<p>None of the provisions conditions and terms of the Policy shall be waived or altered except by endorsement signed or initialed by an authorized official of the Insurers and issued in accordance with the provisions of Section 50 of the Insurance Code, as amended.</p>\n\n<p><br />\nSpecial Endorsements Attached to and forming part<br />\nof <strong>ALLIEDBANKERS INSURANCE CORP.</strong> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</p>\n\n<p><br />\n<strong>167 - 7 STANDARD ENDORSEMENTS</strong></p>\n\n<p>IT IS HEREBY UNDERSTOOD AND AGREED, subject to the exceptions and conditions contained herein and of any endorsements hereon, notwithstanding what has been stated to the contrary, that:</p>\n\n<p>1.&nbsp;&nbsp; &nbsp;The Insurers will not indemnify the Insured in respect of loss, damage or liability directly or indirectly arising from any cause whatsoever occurring or already in existence prior or during any other period when this Policy was not in force.</p>\n\n<p>2.&nbsp;&nbsp; &nbsp;The Insurers are liable for making good any loss or damage to such an exte</p>\n\n<p>3.&nbsp;&nbsp; &nbsp;nt as cost involved and values of labor and materials are included in the sum insured.</p>\n\n<p>4.&nbsp;&nbsp; &nbsp;The Insurers shall not be liable under the Policy to indemnify the Insured for loss or damage arising out of earthquake unless the Insured proves that the earthquake risk was duly taken into account in the design in accordance with the latest edition of the National Structural Code for Building and that the qualities of materials and workmanship and the dimensions of which the calculations were based on were adhered to.</p>\n\n<p>5.&nbsp;&nbsp; &nbsp;All claims under the Policy shall be settled on the basis of the sum insured mentioned in the Schedule of the Policy unless the Insured has increased the sum insured up to the price level prevailing at the time of occurrence of the damage.</p>\n\n<p>6.&nbsp;&nbsp; &nbsp;If at the time of any loss, damage or liability covered by this Policy there shall be any other insurance covering such damage, effected by or on behalf of the Insured, the Insurers shall not be liable for more than their ratable proportion of such damage. If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in like manner. The Insurers shall not be liable for the damage which is or would but for the existence of this Policy be insured by any Policy covering Marine, Fire and/or Explosion Risks.</p>\n\n<p>7.&nbsp;&nbsp; &nbsp;The Insurers will only indemnify the Insured with respect to Third Party for loss of or damage to existing underground cables and/or pipes or all other underground facilities if, prior to the commencement of works, the Insured has inquired with the relevant authorities of the exact position of such cables, pipes or other underground facilities.</p>\n\n<p>The indemnity shall in any case be restricted to the repair cost of such cables pipes or other underground facilities any consequential damage being excluded from the cover.</p>\n\n<p>8.&nbsp;&nbsp; &nbsp;In respect of Section II (Third Party Liability), this policy will not respond to any liability or damage arising out of or caused by the overflow, discharge or leakage of water or any form of liquid or contaminants.</p>\n\n<p>&nbsp;<strong>TERRORISM EXCLUSION CLAUSE - NMA 2920</strong></p>\n\n<p>Notwithstanding any provision to the contrary within this insurance or any endorsement therein it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly cased by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.</p>\n\n<p>For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological, or similar purpose including the intention to influence any government and/or to put the public, or any section of the public in fear.</p>\n\n<p>This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to any act of terrorism.<br />\nIf the Underwriters allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Assured.</p>\n\n<p>In the event any portion of this endorsement is found to be invalid or unenforceable the remainder shall remain in full force and effect.</p>\n\n<p><strong>ASBESTOS EXCLUSION CLAUSE</strong></p>\n\n<p>It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability based upon, arising out of, directly or indirectly resulting from or in consequence of, or any way involving:</p>\n\n<p>- &nbsp;&nbsp; &nbsp;asbestos</p>\n\n<p>- &nbsp; any actual or alleged asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance asbestos or exposure or potential exposure to asbestos.</p>\n\n<p><br />\n<strong>SETTLEMENT OF CLAIM CLAUSE</strong></p>\n\n<p>IT IS HEREBY UNDERSTOOD AND AGREED, that subject to the terms, exclusions, provisions &amp; condition contained in the policy or endorsed thereon, the last paragraph of General Condition No. __5__of the policy should read as follows and not as previously stated.</p>\n\n<p>&quot;&nbsp;&nbsp; &nbsp;The amount of any loss or damage for which Insurer may liable under this Policy shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Assured &amp; the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days after such receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the Assured to collect the interest on the proceeds of the policy for the duration of the delay at the rate of six percent (6%) per annum, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.&quot;</p>\n\n<p><br />\nNothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the policy, except as herein above set forth.</p>\n\n<p style="text-align:right"><br />\n&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</p>\n', '59,60,61,62', 3000, '', '2018-01-03 17:53:24', '2018-01-10 11:06:58', 69, 69),
(775, '1', 'LIM-OF-LIA (FIRE)', 'LIMITS OF LIABILITY', '<p>The Liability of the Insurer for all compensation under this endorsement shall not exceed the Limit stated in the Schedule of Coverage.&nbsp;</p>\n', '', 450, '', '2018-01-12 17:07:57', '2018-01-12 17:07:57', 169, 169),
(776, '1', 'ADV-DES', 'ADVISE,DESIGN,FORMULA AND SPECIFICATION EXCLUSION', '<p>The Company shall not be liable in respect of any claims arising out or advice, design, formula or specification.&nbsp;</p>\n', '', 450, '', '2018-01-16 16:24:45', '2018-01-16 16:24:45', 169, 169),
(777, '1', 'AUT-EXT', 'AUTOMATIC EXTENSION OF PERIOD OF INSURANCE CLAUSE', '<p>At the request of the Insured, the insurance by this Policy may be extended for a period specified in the Policy Schedule from the expiry date stated in the Schedule based on expiring terms, conditions, sum insured and/or limits. &nbsp;Should the Insured requests such an extension, Insurers will be entitled to an additional premium calculated on a pro rate basis at the rates applying during the expiring period of insurance or at such rates as may be mutually agreed upon between the Insured and the Named Insured.&nbsp;</p>\n', '', 450, '', '2018-01-16 16:26:29', '2018-01-16 16:26:29', 169, 169),
(778, '1', 'TER-SAB-EXC-END-NMA-29', 'TERRORISM AND SABOTAGE EXCLUSION ENDORSMENT NMA 2921', '<p>It is hereby understood and agreed, that notwithstanding any other war risk or terrorism exclusion that may be in the policy or any clause limiting or attemting to limit the application of any endorsements to the policy, this policy is amended as follows:</p>\n\n<p>The policy does not cover loss or damage to property caused by, resulting from, contributed to or aggravated by any of the following perils, whether such loss or damage is accidental or intentional, intended or unintended, direct or indirect, proximate or remote or in whole or in part caused by, contributed to or aggravated by any perils insured by the policy.</p>\n\n<p>(1) war, hostils or warlike action in time of peace or war, whether or not declared, including action in hindering, conbating or defending against an actual, impending or expected attach.</p>\n\n<p>(a) by government or sovereign power (de jure or de facto) or by any authority maintaining or using military, naval or air forces; or<br />\n&nbsp; by military, naval or air forces; or<br />\n(c) by an agent of any such government, power, authority or force.</p>\n\n<p>(2) any weapon of war employing atomic fission or radioactive force whether is time of peace or war, whether or not its discharge was accidental;</p>\n\n<p>(3) insurrection, mutiny, civil commotion assuming the proportion of or amounting to a popular rising, rebellion, revolution, sabotage, civil war, usurped power, or action taken by government authority in hindering, combating, or defending against such an occurrence, seizure or destruction;</p>\n\n<p>(4) any act of one or more persons, whether known or unknown and whether or not agents of a sovereign power, for terrorist purposes.</p>\n\n<p>(5) Hijacking or any unlawful seizure or wrongful exercise or control of any mode of transportation, including but not limited to aircraft, watercraft, truck , tran &nbsp;or automovile &nbsp;, including any attempted seizure of control, made by any person or persons.</p>\n\n<p>Such loss or damage is excluded regardless of any other cause, event of intervention that contributes concurrently or in any sequence to the loss or damage.</p>\n\n<p>Terrorist purposes mean the use or threatened use of any unlawful means, including the use of force or violence against any person &nbsp; or property (ies), for the actual or pparent purpose of intimidating, coercing, punishing or affecting society or same portion of society or government.&nbsp;</p>\n', '', 1000, '', '2018-01-16 17:50:52', '2018-01-16 17:50:52', 202, 202);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(779, '1,5', 'BWD-BOWTAP-VRS', 'BROAD WATER DAMAGE ENDORSEMENT WITH BOWTAP', '<p>It is hereby declared and agreed that notwithstanding anything contained herein to the contrary, the insurance under this policy is extended toinclude loss or damage caused by:</p>\n\n<p>1. Accidental discharge, leakage or overflow of water/steam from plumbing, septic tanks, headling systems, elevated and/or underground tanks and cylinders, bursting or overflowing of water tanks, apparatus or pipes, standpipes for fire hose, domestic appliances, refrigerating system, air-conditioning systems and rain admitted directly to the interior of the building through defective roots, leaders of spouting or any open or defective windows, show windows, doors, transoms, ventilations of skylights.<br />\n2. Breakage of or leakage from street water supply mains or fire hydrants; and<br />\n3. Accidental discharge or leakage of refrigerants from air-conditioning or refrigeration systems.</p>\n\n<p>PROVIDED THAT;<br />\na. The insured undertakes to exercise all ordinary and reasonable precautions for the maintenance and safety of the property;<br />\nb. The Insured shall bear a minimum deductible of (as stated in the schedule), for each and every claim under this endorsement in addition to other deductible that may be applicable under the policy;<br />\nc. All conditions of this policy shall apply, except in so far as they may be hereby expressly varied and that reference to loss or damage by fire shall be deemed to apply also to loss or damage as aforementioned: and<br />\nd. The liability of the company under this endorsement shall in no case exceed the sum insured by each item of the policy.<br />\ne. This endorsement does not cover the following;<br />\n&nbsp;&nbsp;&nbsp;&nbsp;i. &nbsp;Damage to plumbing, septic tanks, heating systems, elevated and/or underground tanks and cylinders, standpipes for fire hose, industrial and&nbsp;&nbsp;domestic appliances, refrigerating system, air-conditioning system from which the accidental discharge, leakage or overflow of water/steam emanated.<br />\n&nbsp;&nbsp;&nbsp;&nbsp;ii. Loss or damage by water discharge or leading from any automatic sprinkler installation within the described buildings.</p>\n', '', 243, '', '2018-01-18 16:22:34', '2019-10-08 17:21:22', 194, 194),
(780, '1', 'GO-IN-TRANS', 'GOODS IN TRANSIT', '<p>GOODS-IN-TRANSIT</p>\n\n<p>NOTHWITHSTANDING anything stated in this Policy to the contrary it is hereby agreed and understood that the following provisions shall constitute the insuring terms and conditions of this Insurance.<br />\n&nbsp;<br />\nPROPERTY INSURED</p>\n\n<p>OWNED OR HELD IN TRUST OR COMMISSION FOR WHICH THEY ARE HELD RESPONSIBLE PREFERABLY (BALIK BAYAN BOXES)</p>\n\n<p>a. &nbsp; &nbsp;Which are shipped by or consigned to the Assured, or by or to others for account of the Assured, being property of the Assured or that of others in which the Assured may have an insurance interest, via motor vehicles and/or trailers attached thereto belonging to the Assured and/or Hired Truckers.</p>\n\n<p>b. &nbsp; &nbsp;Which are transported by motor vehicles and/or trailers attached hereto belonging to the Assured and over which goods they, as Truckers and/or Freight Forwarders and/or Carriers exercise care, control and custody and for which they have an insurable interest.</p>\n\n<p>Warranted that a listing containing the description and identity of such vehicles shall form part of this Policy. In no case shall the Policy respond to any claim which involves unlisted vehicles.</p>\n', '', 206, '', '2018-02-08 08:43:52', '2018-02-08 08:43:52', 194, 194),
(781, '6', 'OIL-POL-CLAUSE', 'OIL POLLUTION/OIL SPILL CLEAN UP CLAUSE ', '<p>It is hereby understood and agreed that this policy cover any liability in respect to;&nbsp;<br />\n&nbsp; &nbsp;<br />\n1. Personal injury or Bodily injury or loss of, damage to or loss of &nbsp;property directly or indirectly caused by seepage, pollution or contamination substance.&nbsp;<br />\n2. The cost of removing, nullifying or cleaning up seeping, polluting or contaminating substances unless the seepage, pollution or contamination is a consequence of an otherwise under this agreement indemnifiable sudden, unintended or unexpected happening.&nbsp;<br />\n3. Fines, penalties punitive or exemplary damages.&nbsp;<br />\n&nbsp; &nbsp;<br />\nThis clause shall not extend this agreement to cover any liability which would not have been covered<br />\nunder this agreement had this clause not been affected.&nbsp;<br />\n&nbsp; &nbsp;<br />\nProvided that the liability of the Company under this extension shall not exceed PESOS FOUR HUNDRED THOUSAND (PHP 400,000.00) subject to a deductible of PHP 25,000.00 for EACH AND EVERY LOSS.</p>\n', '', 540, '', '2018-03-09 09:34:02', '2018-03-09 09:34:02', 202, 202),
(782, '6', 'FD-POI-END', 'FOOD POISONING ENDORSEMENT', '<p>The indemnity provided under this policy shall extend to included the Insured&rsquo;s legal liability for bodily injury or illness directly caused by food or drinks poisoning or the presence of deleterious matter in such food or drinks of the defective container of such food or drinks and happening at the insured premises.<br />\nProvided always that this extension is given on the expressed condition that the company shall at any time takes every possible precaution to prevent the sale of articles of food or drinks which are not in good condition and to ensure that the same are free from contamination and fit to human consumption.</p>\n', '', 200, '', '2018-03-16 09:40:38', '2018-04-11 13:46:48', 69, 69),
(783, '6', 'TSE-EXCL', 'TRANSMISSIBLE SPONGIFORM ENCEPHALOPATHIES (TSE) EXCLUSION', '<p>&nbsp;&nbsp; &nbsp;Notwithstanding any provisions to the contrary, &nbsp;it is hereby agreed and understood that this insurance &nbsp;insurance does not apply to &ldquo;bodily injury,&rdquo; &ldquo;property damage,&rdquo; or any other loss, cost or expense, including, but not limited to inspection costs, surveillance costs, slaughter costs and costs or expenses related to, arising from or associated with clean-up, remediation, containment, removal or abatement, caused directly or indirectly, in whole or in part, by any form of Transmissible Spongiform Encephalopathy (TSE), including, but not limited to Bovine Spongiform Encephalopathy (BSE) ,Chronic Wasting Disease (CWD), &nbsp;Creutzfeldt-Jakob Disease, New Variant Creutzfeldt-Jakob Disease (nv-CJD), Scrapie or Transmissible Mink Encephalopathy, &nbsp;regardless of any other cause, event, material or product that contributed concurrently or in any sequence to that &ldquo;bodily injury,&rdquo; &nbsp;&ldquo;property damage,&rdquo; loss, cost, or expense.</p>\n\n<p>&nbsp;&nbsp; &nbsp;TSE includes but is not limited to any loss, cost or expense which is related to or contributed to, caused or accelerated by or results from any form of TSE, or any supervision, instructions, recommendations, warnings or advice given or which should have been given in connection therewith.</p>\n\n<p>&nbsp;&nbsp; &nbsp;Subject otherwise to the terms, exceptions and conditions of this policy.</p>\n', '', 500, '', '2018-04-12 08:53:11', '2018-04-12 08:53:11', 69, 69),
(784, '6', 'GMO-TOT-EXC', 'GMO TOTAL EXCLUSION', '<p>&nbsp;&nbsp; &nbsp;Notwithstanding any provision to the contrary, &nbsp;it is hereby agreed and understood that this policy does does not cover any claims or losses arising directly or indirectly from Genetically Modified Organisms (&quot;GMOs&quot;)</p>\n\n<p>&nbsp;&nbsp; &nbsp;For the purposes of this exclusion GMOs shall mean and include;</p>\n\n<p>&nbsp;&nbsp; &nbsp;organisms or micro-organisms or cells, or the organisms or micro-organisms, cells or cell organelles, from which they have been derived, which have been subject to a genetic engineering process which resulted in their genetic change</p>\n\n<p>&nbsp;&nbsp; &nbsp;and shall also mean and include</p>\n\n<p>&nbsp;&nbsp; &nbsp;every biological or molecular unit with self replication potential or biological or &nbsp;molecular unit with self replication potential from which they have been derived, which has been subject to a genetic engineering processs which resulted in its genetic change.</p>\n\n<p>&nbsp;&nbsp; &nbsp;In the event that the definition of GMO under the applicable laws and/or official regulations relating to genetic engineering or modification in any state, territory or jurisdiction in which a claim is made is wider than the foregoing then such wider definition shall be incorporated into this definition in addition to the foregoing.</p>\n\n<p>&nbsp;&nbsp; &nbsp;Subject otherwise to the terms, exceptions and conditions of this policy.<br />\n&nbsp;</p>\n', '', 500, '', '2018-04-12 08:54:31', '2018-04-12 08:54:31', 69, 69),
(785, '4', 'TA-POL-CON', 'TRAVEL INSURANCE POLICY CONDITION', '<p style="text-align:center"><strong><span style="font-family:times new roman,serif; font-size:12.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">THIS POLICY COVERS AGAINST LOSS RESULTING DIRECTLY AND INDEPENDENTLY OF ALL OTHER CAUSES FROM BODILY INJURIES CAUSED BY ACCIDENT, SUBJECT TO THE PROVISIONS, EXCLUSIONS AND COVERAGES HEREIN CONTAINED.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">EFFECTIVITY OF THE POLICY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; This policy takes effect on the date and hour stated in the Schedule and expires on the same hour at the number of days stated in the Schedule as Terms of Coverage where the policy was issued. </span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">BENEFITS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The insurance afforded is only with respect to injuries which, directly and independently of all other causes result in death, dismemberment, permanent total disability or medical expense, as stated hereunder but only to the extent and within the time limits indicated.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART I- LOSS OF LIFE ACCIDENT INDEMNITY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; When injury results in loss of life of the Insured within one hundred eighty (180) days after the date of the accident, the Company will pay the PRINCIPAL SUM INDEMNITY stated in the Schedule. </span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART II- DISMEMBERMENT AND LOSS OF SIGHT INDEMNITY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; When injury does not result in loss of life of the Insured within one hundred eighty (180) days after the occurrence of the accident but does result in any of the following losses within said one hundred eighty (180) days, the Company will pay for loss of:</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">Both hands or both feet or sight of both eyes ..............................................................&hellip;.The Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">One Hand and one foot .................................................................................................... The Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">Either hand or foot and sight of one eye ........................................................................&hellip;The Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">Either hand or foot ......................................................................................... One half of the Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">Sight of one eye .............................................................................................. One half of the Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">Thumb ................................................................................................................... 15% of the Principal Sum</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; Loss as above used with reference to hand or foot or thumb means complete severance through or above the wrist or ankle joint or both phalanges respectively, as used with reference to eyes, means the entire and irrevocable loss of sight.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No indemnity will be paid under any circumstances for more than one of the losses, the greatest for which provision is made in this Part.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART III- PERMANENT TOTAL DISABILITY INDEMNITY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; When as a result of injury and commencing within 180 days of the date of the accident the Insured is totally and permanently disabled and prevented from engaging in each and every occupation or employment for compensation or profit for which he is reasonably qualified by reason of his education, training, or experience. The Company will pay, provided such disability has continued for a period of twelve (12) consecutive months and is total, continuous, and permanent at the end of this period, the Principal Sum less any other amount paid or payable under Part II as the result of the same accident.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART IV- MEDICAL REIMBURSEMENT</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; If such injuries sustained by the Insured, within 52 weeks from date of accident, require treatment by a legally qualified physician or surgeon, confinement within a hospital, employment of a licensed or graduate nurse, X- ray examination or the use of an ambulance, the Company will pay, in addition to any other indemnity payable, the reasonable expense actually incurred therefor by the Insured but not to exceed, in the aggregate, an amount equal to 10% of the Principal Sum.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART V- EXTENDED COVERAGE AFTER TERMINATION</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp; If the Insured is riding as a passenger in or on a vehicle or device licensed for the carriage of passengers for hire and for which coverage would otherwise be provided under this policy and if such vehicle or device is scheduled to arrive at its destination prior to the expiration of the Term of Coverage stated in the Schedule but is delayed beyond such expiration by reason of circumstances over which the Insured has no control, the coverage of the policy shall be extended automatically until the Insured ceases to be a passenger of such vehicle or device, not to exceed in any event twenty- four additional hours.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART VI- EXPOSURE AND DISAPPEARANCE</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; When by reason of an accident covered by this policy, the Insured is exposed to the elements and as the result of such exposure suffers a loss for which indemnity is otherwise payable hereunder, such loss shall be covered under the terms of this policy.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; If the body of the Insured has not been found within one year after the date of the disappearance, sinking, or wrecking of the vehicle in which the Insured was riding at the time of the accident and under such circumstances as would otherwise be covered hereunder, it will be presumed that the Insured suffered loss of life resulting from bodily injury caused by an accident at the time of such disappearance, sinking or wrecking.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART VII- COVERAGE AS RESPECTS FLYING</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The coverage of this policy as respects flying is limited to loss occurring while the Insured is riding solely as a passenger, not as an operator or crew member, in boarding or alighting from:</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">(a)</span></strong><span style="font-size:10.0pt"> A certified passenger aircraft provided by a commercial airline on any regular, scheduled or non- scheduled, special or chartered flight and operated by a properly certified pilot flying between duly established and maintained airports.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (b)</span></strong><span style="font-size:10.0pt"> Any transport type aircraft operated by the Military Air Transport Service (MATS) of the United States of America or by the similar air transport service of any duly constituted governmental authority of the recognized government of any nation anywhere in the world.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PART VIII- EXCLUSIONS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The insurance with respect to the above hazards shall not apply to:</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (a)</span></strong><span style="font-size:10.0pt">loss caused directly or indirectly, wholly or partly by:</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)</span></strong><span style="font-size:10.0pt">bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound), or infections caused by parasites,</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)</span></strong><span style="font-size:10.0pt"> medical or surgical treatment (except such as may be necessary solely by reason of injuries covered by this policy and performed within the time provided in the policy);</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">(3)</span></strong><span style="font-size:10.0pt">miscarriage or pregnancy;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (b)</span></strong><span style="font-size:10.0pt">suicide or any attempt thereat (sane or insane);</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (c)</span></strong><span style="font-size:10.0pt">murder or assault or any attempt thereat;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">(d)</span></strong><span style="font-size:10.0pt"> loss occasioned by war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), mutiny, strikes, riots, civil commotion, civil war, rebellion, revolution, insurrection, conspiracy, military or usurped power, martial law or state of siege, any of the events or causes which determine the proclamation or maintenance of martial law or state of siege, seizure, quarantine, or customs regulations or nationalization by or under the order of any government or public or local authority. This exclusion shall not be affected by any </span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">endorsement which does not specifically refer to it in whole or in part. The application of the exclusion referring to martial law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege is hereby waived for any territorial jurisdiction of the Republic of the Philippines.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (e)</span></strong><span style="font-size:10.0pt">nuclear radiation or radioactive contamination;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (f)</span></strong><span style="font-size:10.0pt">injury sustained while participating in professional athletics or any organized and scheduled amateur physical contact sport;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (g)</span></strong><span style="font-size:10.0pt"> injury sustained while engaging in mountaineering requiring the use of ropes or guides, skin diving employing the use of compressed air cylinders, racing on wheels or horseback; skydiving from a device for aerial navigation, hang gliding;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (h)</span></strong><span style="font-size:10.0pt">flying except as defined as PART VII of this policy;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; (i)</span></strong><span style="font-size:10.0pt"> cave- in of mines.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">SPECIAL PROVISIONS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">1. Other Insurance in this Company</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; If a like travel accident policy or policies issued by the Company to the Insured be in force concurrently herewith making the aggregate indemnity for loss of life or dismemberment in excess of FIVE HUNDRED THOUSAND (P500, 000.00) PESOS, the excess insurance shall be void and all premiums paid for such excess shall be returned to the Insured or to his estate.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">2. Age Restrictions</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The Company&#39;s liability under this policy or any like travel accident policy or policies issued by the Company concurrently in force shall not exceed P25,000.00 principal sum and P2,500.00 Medical Reimbursement with respect to children between ages 5 and 15 and adults over 70. No liability shall accrue to the Company for children under age 5. </span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">GENERAL PROVISIONS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">ENTIRE CONTRACT CHARGES </span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; This policy, including the endorsement and the attached papers, if any, constitutes the entire contract of insurance. None of the provisions, conditions, and terms of this Policy shall be waived or altered except by endorsement, signed or initialled by an authorized official of the Company and issued in accordance with the provisions of Section 50 of the Insurance Code.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">NOTICE OF CLAIM</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; Written notice of claim must be given to the Company within thirty (30) days after the occurrence or commencement of any loss covered by the policy, or as soon thereafter as is reasonably possible. Notice given by or on behalf of the Insured or the beneficiary to the Company, or to an any authorized agent of the company with information sufficient to identify the Insured, shall be deemed notice to the Company.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">CLAIM FORMS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The Company, upon receipt of a notice of claim, will furnish to the claimant such forms as are usually furnished by it for filing proofs of loss. If such forms are not furnished within fifteen (15) days after the giving of such notice, the claimant shall be deemed to have complied with the requirements of this policy as to proof of loss upon submitting within the time fixed in the policy for filing proofs of loss, written proof covering the occurrence, the character and the extent of the loss for which the claim is made.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PROOFS OF LOSS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; Written proof of loss must be furnished to the Company at its said office in case of claim for loss for which this policy provides payment under PART IV within ninety (90) days after the termination of the period for which the Company is liable and in case of claim for any other loss within ninety (90) days after the date of such loss. Failure to furnish such proof within the time required shall not invalidate or reduce any claim if it was not reasonably possible to give proof within such time provided such proof is furnished as soon as capacity, later than one year from the time proof is otherwise required.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">TIME OF PAYMENT OF CLAIMS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; Indemnities payable under this policy will be paid immediately upon receipt of due written proof of such loss.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PAYMENT OF CLAIMS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">Indemnities for loss of life will be payable in accordance with the beneficiary designation and the provisions respecting such payment which may be described herein and effective at the time of payment. If no such designation or provision is then effective, such indemnity shall be payable to the estate of the insured. Any other accrued indemnities unpaid at the Insured&rsquo;s death may, at the option of the Company, be paid either to such beneficiary or to such beneficiary or to such estate. All other indemnities will be payable to the Insured.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">PHYSICAL EXAMINATION AND AUTOPSY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">The Company at its own expense shall have the right and opportunity to examine the person of the Insured when and so often as it may reasonably require during the pendency of a claim hereunder and to make an autopsy in case of death where it is not forbidden by law.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">LEGAL ACTIONS</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty (60) days after written proof of loss has been furnished in accordance with the requirements of this policy. No such action shall be brought either in the Insurance Commission or a Court of competent jurisdiction after the expiration of three years after the time written proof of loss is required to be furnished.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">CHANGE OF BENEFICIARY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; The right to change of beneficiary is reserved to the Insured and the consent of the beneficiary or beneficiaries shall not be requisite to surrender or assignment of this policy or to any change of beneficiary or beneficiaries, or to any other changes in this policy.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">SETTLEMENT OF CLAIM</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">The amount of any loss or damage for which the Company may be liable under this policy shall be paid within thirty (30) days after proof of loss is received by the Company and ascertainment of the loss or damage is made either by agreement between the assured and the Company or by arbitration; but if such ascertainment is not had or made within sixty (60) days after such receipt by the Company of loss, then the loss or damage shall be paid within ninety days after such receipt.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">SUIT AGAINST THE COMPANY</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; If a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection or in case of arbitration taking place as provided herein, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purposes be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</span></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">&nbsp;</span></strong></p><p style="text-align:justify"><strong><span style="font-size:10.0pt">CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</span></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">It is hereby declared and agreed that the provision of Art.1250 of Civil Code of the Philippines (Republic Act. No. 386) which reads:</span></p><p style="text-align:justify"><strong><em><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp;&nbsp; &ldquo;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishment of the obligation shall be the basis of payment&rdquo;</span></em></strong></p><p style="text-align:justify"><span style="font-size:10.0pt">Shall not apply in determining the extent of liability under the provisions of this policy.</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;</span></p><p style="text-align:justify"><span style="font-size:10.0pt">&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, the ALLIEDBANKERS INSURANCE CORPORATION, Manila Phils., has caused this Policy to be signed by its Authorized Representative at the Schedule of this policy.</span></p><p><strong><span style="font-size:12.0pt">&nbsp;</span></strong></p>', '', 500, '', '2018-04-25 13:24:46', '2018-04-25 13:24:46', 69, 69);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(786, '6', 'EEI-POL-CON', 'ELECTRONIC EQUIPMENT INSURANCE POLICY CONDITION', '<p style="text-align:justify">Whereas, the Insured named in the Schedule hereto has made to <strong>ALLIEDBANKERS INSURANCE CORPORATION </strong>(hereinafter called &ldquo;the Insurers&rdquo;) a written proposal by completing a Questionaire which together with any other statements made in writing by the Insured for the purpose of this Policy is deemed to be incorporated herein.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">Now this Policy of Insurance witnesseth that subject to the Insured having paid to the Insurers the premium mentioned in the Scheduled and subject to the terms, exclusions, provisions and conditions contained herein or endorsed hereon, the Insurers shall indemnify the Insured the manner and to the extent hereinafter providing.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">This insurance applies whether the insured items are at work or at rest or being dismantled for the purpose of cleaning, overhauling or of being shifted within the Premises or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p><strong>General Exclusions</strong></p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify">The Insurers will not indemnify the Insured in respect of loss or damage directly caused by, or arising out of:</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->war, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, riot, strike, lock-out, civil commotion, military or usurped power, a group of malicious persons or persons acting on behalf of or in connection with any political organization, conspiracy, commandeering, requisition or destruction or damage by order of any government de jure or de facto or by any public authority;</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->nuclear reaction, nuclear radiation or radioactive contamination;</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->wilful act or wilful negligence of the Insured or his representative.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">In any action, suit or other proceeding where the Insurers allege that by reason of the provisions of Exclusion a)above any loss, destruction or damage is not covered by this insurance, the burden of proving that such loss,&nbsp;&nbsp;&nbsp;&nbsp; destruction or damage is covered shall be upon the Insured.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<h1>General Conditions</h1>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->The due observance and fulfillment of the terms of this Policy in so far as they relate to anything to be done or complied with by the Insured and the truth of the statements and answers in the Questionaire and Proposal made by the Insured shall be a condition precedent to any liability of the Insurers.</p>\n\n<p><span style="font-size:10.0pt">&nbsp;</span></p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->The Schedule and the Section(s) shall be deemed to be incorporated in and form part of this Policy and the expression &ldquo;this Policy&rdquo; wherever used in this contract shall be read as including the Schedule and the Section(s). Any word or expression to which a specific meaning has been attached in any part of this Policy or of the Schedule or of the Section(s) shall bear such meaning wherever it may appear.</p>\n\n<p style="margin-left:0cm"><span style="font-size:10.0pt">&nbsp;</span></p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->The Insured shall at his own expense take all reasonable precautions and comply with all reasonable recommendations of the Insurers to prevent loss or damage and comply with statutory requirements and manufacturer&rsquo;s recommendations.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->a) Representatives of the Insurers shall at any reasonable time have the right to inspect and examine the risk and&nbsp; the Insured shall provide the representatives of the Insurers with all details and information necessary for the assessment of the risk.</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p style="margin-left:31.5pt">b) The Insured shall immediately notify the Insurers by telegram and in writing of any material change in the risk&nbsp; and cause at his own expense such additional precautions to be taken as circumstances may require to ensure safe operation of the Insured items and the scope of cover and/or premium shall, if necessary, be adjusted accordingly.</p>\n\n<p style="margin-left:31.5pt">&nbsp;</p>\n\n<p>No material alteration shall be made or admitted by the Insured whereby the risk is increased, unless the continuance of the insurance be confirmed in writing by the Insurers.</p>\n\n<p>&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->In the event of any occurrence which might give rise to a claim under this Policy, the Insured shall</p>\n\n<p style="margin-left:18.0pt; text-align:justify">a)&nbsp; immediately notify the Insurers by telephone or telegram as well as in writing, giving an indication as to the&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; nature and extent of loss or damage.</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->take all steps within to minimize the extent of the loss or damage.</p>\n\n<p style="margin-left:36.0pt; text-align:justify">c)&nbsp; preserve the parts affected and make them&nbsp;&nbsp;&nbsp; available for inspection by a representative or surveyor of the Insurers;</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->furnish all such information and documentary evidence as the Insurers may require;</p>\n\n<p style="margin-left:36.0pt; text-align:justify"><!--[if !supportLists]-->e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->inform the police authorities in case of loss or damage due to burglary or sabotage.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">The Insurers shall not in any case be liable for loss, damage or liability of which no notice has been received by the Insurers within 14 days of its occurrence. Upon notification being given to the Insurers under this condition, the Insured may carry out the repairs or replacement of any minor damage; in all other case a representative of the Insurers shall have the opportunity of inspecting the loss or damage before any repairs or alterations are effected. If a representative of the Insurers does not carry out the inspection within a period of time which could be considered adequate under the circumstances, the Insured is entitled to proceed with the repairs of replacement.</p>\n\n<p style="margin-left:18.0pt; text-align:justify">The liability of the Insurers under this Policy in respect of any insured item shall cease if said items is kept in operation after a claim without being repaired to the satisfaction of the Insurers, or if temporary repairs are carried out without the Insurers&rsquo; consent.</p>\n\n<p style="margin-left:18.0pt">The amount of any loss or damage for which an Insurer may be liable, under this policy, shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Insured and the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt.&nbsp; Refusal or failure to pay the loss or damage within prescribed herein will entitle the assured to collect interest on the proceeds of the policy for the duration of the delay at the rate of twice the ceiling prescribed by the Monetary Board, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p><!--[if !supportLists]--><span style="font-size:10.0pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-size:10.0pt">The Insured shall at the expense of the Insurers do and concur in doing and permit to be done all such acts and things as may be necessary or required by the Insurers in the interest of any rights or remedies, or of obtaining relief or indemnity from parties (other than those insured under this Policy) to which the Insurers shall be or would become entitled or subrogated upon their paying for or making good any loss or damage under this Policy, whether such acts and things shall be or become necessary or required before or after the Insured&rsquo;s indemnification by the Insurers.</span></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify"><!--[if !supportLists]--><span style="font-size:10.0pt">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-size:10.0pt">All differences as to the amount of any loss or damage covered by this Policy shall be referred to the decision of an arbitrator&nbsp; to be appointed by the parties in difference or if they cannot agree upon a single arbitrator to the decision of two arbitrators one to be appointed in writing by each of the parties within thirty (30) days after having been required in writing so to do by either of the parties or in case or disagreement between the arbitrators to the decision of an umpire to be appointed in writing by the arbitrators before entering on the reference and an award by the arbitrator or arbitrators or umpire shall be a condition precedent to any right of&nbsp; action against the company.</span></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">8.&nbsp;&nbsp; If the proposal or declaration of the Insured is not true in any material respect, or if a claim is in any respect&nbsp;&nbsp; fraudulent, or if any false declaration&nbsp; is made or used in support thereof, or if any fraudulent means or devices are used by the Insured or any acting on his behalf&nbsp; to obtain any benefit under this Policy, or if a claim be made and rejected and an action or suit be not commenced either in the Insurance Commission or any Court of competent jurisdiction within twelve (12) months from receipt of notice of such rejection, or in case of arbitration taking place as provided herein,, within twelve (12) months after due notice of the award made by the arbitrator or arbitrators or umpire, then the claim shall for all purpose be deemed to have been abandoned and shall not thereafter be recoverable hereunder.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">9.&nbsp;&nbsp; If at the time any claim arises under this Policy there be any other insurance covering the same loss, damage or liability, the Insurers shall not be liable to pay or contribute more than their ratable proportion of any claim for such loss, damage or liability.&nbsp; If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in a like manner.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">10.&nbsp;&nbsp; This insurance may be terminated at the request of the insured at any time, in which case the Insurers will retain the customary short-period rate for the time this Policy has been in force.&nbsp; This insurance may equally be terminated at the option of the Insurers by seven days&rsquo; notice to that effect being given to the Insured in which case the Insurers shall be liable to repay a ratable proportion of the premium for the unexpired term from the date of cancellation.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">However, no notice of cancellation shall be effective unless it is based on the occurrence, after the effective date of the policy, of one or more of the following:</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->conviction of a crime arising out of acts increasing the hazard insured against;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->discovery of fraud or material misrepresentation;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->discovery of wilful or reckless acts or omissions increasing the hazard insured against;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->physical changes in the property insured which result in the property becoming uninsurable; or</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->a determination by the Commissioner that the continuation of the policy would violate or would place the Insurer in violation of this Code.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">All notices of cancellation shall be in writing, mailed or delivered to the named Insured at the address shown in the policy, and shall state (a) which of the grounds set forth above is relied upon and (b) that, upon written request of the named Insured, the Insurer&nbsp; will furnish the facts on which the cancellation is based.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">Unless the Insurer at least forty-five days in advance of the end of the policy period mails or delivers to the named Insured at the address shown in the policy notice of its intention not to renew the policy or to condition its renewal upon reduction of limits or elimination of coverages, the named Insured shall be entitled to renew the</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">policy upon payment of the premium due or the effective date of the renewal.&nbsp; Any policy written for a term of less than one year shall be considered as if&nbsp; written for a term of one year.&nbsp; Any policy for a term longer than one year or any policy with no fixed expiration date shall considered as if written for successive policy periods or&nbsp; terms of one year.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;&nbsp;&nbsp; 11. Under an insurance for a third party&rsquo;s account the Beneficiary shall be entitled to exercise, in his own name, the rights of the Insured. Without obtaining the Insured&rsquo;s approval, the Beneficiary shall further have the right to receive any indemnity paid under this Policy and to transfer the Insured&rsquo;s rights even if the Beneficiary is not in possession of this Policy.&nbsp; Upon payment of an indemnity the Insurers may require evidence of the Beneficiary having given his consent to the insurance and of the Insured having&nbsp;&nbsp; given his consent to the receipt of an indemnity by the Beneficiary.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">12. The indemnity shall be payable one month after determination by the Insurers of the full amount due.&nbsp; Notwithstanding the above the Insured may, one month after the Insurers have been duly notified of the loss and have acknowledged their liability, claim as an installment the minimum amount payable under the prevailing circumstances. The running of the periods shall be suspended for the time during which the indemnity is unascertainable or not payable due to reasons within the Insured&rsquo;s control.</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">The Insurers shall be entitled to withhold indemnification.</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->If&nbsp; there are doubts regarding the Insured&rsquo;s right to receive the indemnity, pending receipt by the Insurers of the necessary proof;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->If in connection with the claim an examination by the police or an inquiry under criminal law has been instituted against the Insured, pending completion of such examination or inquiry.</p>\n\n<h1>&nbsp;</h1>\n\n<h1>&nbsp;</h1>\n\n<h1>N O T I C E</h1>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify">The Insurance Commission, with offices in Manila, Cebu and Davao, is the government agency in charge of the faithful execution and enforcement of all laws relating to insurance and has supervision over insurance companies.&nbsp; That office is ready at all times to render assistance in settling any controversy between an Insurance Company and a Policyholder relating to insurance matters.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<h1>CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</h1>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 of the Civil Code of the Philippines (Republic Act No. 386) which reads:</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p>&ldquo;In case an extraordinary inflation or deflation of the currency stipulated should supervene, the value of the currency at the time of the establishments of the obligation shall be the basis of payment,&rdquo;&hellip;. shall not apply in determining the extent of liability under the provisions of this Policy.</p>\n\n<p>&nbsp;</p>\n\n<h1><u>SHORT PERIOD RATE SCALE</u></h1>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:36.0pt; text-align:justify">IT IS HEREBY AGREED that, in the event of this Policy being surrendered by the Insured for cancellation, the Company shall retain a premium in accordance with the following scale for the time the Policy has been in force:</p>\n\n<p style="margin-left:72.0pt; text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 months or less 20% of the Annual Rate&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7&nbsp; months&nbsp;&nbsp; 75%&nbsp; of&nbsp; the&nbsp; Annual&nbsp;&nbsp; Rate</p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 months&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8&nbsp; months&nbsp;&nbsp; 80%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span></p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 months&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9&nbsp; months&nbsp;&nbsp; 85%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 months&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 months&nbsp;&nbsp; 90%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span></p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 months&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 months&nbsp;&nbsp;&nbsp; 95%&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="font-family:symbol">&sup2;</span></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>&nbsp;</h2>\n\n<h2>CHANGES IN POLICY CLAUSE</h2>\n\n<p>&nbsp;</p>\n\n<p>None of the provisions and terms of the Policy shall be waived or altered except by endorsement signed by an authorized official of the Insurers and issued in accordance with the provisions of Section 50 of the Insurance Code, as amended.</p>\n\n<p>&nbsp;</p>\n\n<p style="text-align:justify">All applicable provisions of Presidential Decree No. 1460, otherwise known as the Insurance Code of 1978,&nbsp; as amended, as of the date of effectivity,&nbsp; latest renewal or latest reinstatement of this policy/ certificate/contract of insurance, as the case may be, and all existing laws obligatory upon insurance companies as may be pertinent are deemed incorporated in the policy/certificate /contract of insurance and will supersede any agreement/contract inconsistent therewith.</p>\n\n<p><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="text-align:center"><strong>Section I &ndash; Material Damage</strong></p>\n\n<p style="text-align:center"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>Scope of Cover</strong></p>\n\n<p style="text-align:justify">The Insurers hereby agree with the Insured that if at any time during the period of insurance stated in the Schedule or during any subsequent period for which the Insured pays the premium for the renewal of this Policy, the items or any part thereof entered in the Schedule shall suffer any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement, the Insurers will indemnify the Insured in respect of such loss or damage as hereinafter provided by payment in cash, replacement, on repair (at their own option) up to an amount not exceeding in any one year of insurance in respect of each of the items specified in the Schedule the sum set opposite thereto and not exceeding in all the total sum expressed in the Schedule as insured hereby.</p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>Special Exclusions to Section 1</strong></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">The Insurers shall not, however, be liable for</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->the deductible stated in the Schedule to be borne by the Insured in any one occurrence; if more than one item is lost or damaged in one occurrence, the Insured shall not, however, be called upon to bear more than the highest single deductible applicable to such items;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage directly or indirectly caused by or arising out earthquake, volcanic eruption, tsunami, storm, typhoon, cyclone or hurricane;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage directly or indirectly caused by theft;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage caused by any faults or defects existing at the time of commencement of the present insurance within the knowledge of the Insured, or his representative, whether such faults or defects were known to the Insurers or not;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage directly or indirectly caused by the failure or interruption of any gas, water or electricity service or supply;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage as a direct consequence of the continual influence of operation (e.g. wear and tear, cavitation, erosion, corrosion, incrustation) or of gradual deterioration due to atmospheric conditions;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->any costs incurred in connection with the elimination of functional failures unless such failures were caused by an indemnifiable loss of or damage to the insured items;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->any costs incurred in connection with the maintenance of the insured items, such exclusion also applying to part exchanged in the course of such maintenance operations;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p>&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage for which the manufacturer or supplier of&nbsp; the insured items is responsible either by law or under contract;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss or damage to rented or hired equipment for which the owner is responsible either by law or under a lease and/or maintenance agreement;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->consequential loss or liability of any kind or description;</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->loss of or damage to bulbs, valves, tubes, ribbons, fuses, seals, belts, wires, chains, rubbers tire, exchangeable tools, engraved cylinders, objects made of glass, porcelain or ceramics, sieves or fabrics, or any operating media (e.g. lubricating oil, fuel, chemicals);</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:18.0pt; text-align:justify"><!--[if !supportLists]-->m)&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->aesthetic defects such as scratches on painted, polished or enameled surfaces.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">In respect of the parts mentioned under 1) and m) above the Insurers shall be liable to provide compensations in the event that such parts are affected by an indemnifiable loss of or damage to the insured items.</p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>Provisions Applying to Section 1</strong></p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>Memo 1 &ndash; Sum Insured</strong></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="text-align:justify">It is a requirement of this insurance that the sum insured shall be equal to the cost of replacement of the insured items by new items of the same kind and same capacity which shall mean their replacement costs including e.g. freight, customs duties and dues, if any, and erection costs. If the sum insured is less than the amount&nbsp; required to be insured, the Insurers will pay only in such proportion as the sum insured bears to the amount required to be insured.&nbsp; Every item if more than one shall be subject to this condition separately.</p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify"><strong>Memo 2 &ndash;Basis of Indemnity</strong></p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">a)&nbsp; In cases where damage to an insured item can be repaired, the Insurers will pay expenses necessarily incurred to restore the damaged item to its former state of serviceability plus the cost of dismantling and re-erection incurred for the purpose of effecting the repairs as well as ordinary freight to and from a repairshop, customs duties and dues, if any, to the extent such expenses have been included in the sum insured.&nbsp; If the repairs are executed at a workshop owned by the Insured, the Insurers will pay the cost of materials and wages incurred for the purpose of the repairs plus a reasonable percentage to cover overhead charges.&nbsp; No deduction shall be made for depreciation in respect of parts replaced, but the value of any salvage will be taken into account.</p>\n\n<p style="text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">If the costs of repairs as detailed hereinabove equal or exceed the actual value of&nbsp; the insured items immediately before the occurrence of the damage, the settlement shall be made on the basis provided for in b) below.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">b)&nbsp; In cases where an insured item is destroyed, the Insurers will pay the actual value of the item immediately before the occurrence of the loss, including costs for ordinary freight, erection, customs duties and dues, if any, to the</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">extent such expenses have been included in the sum insured, such actual value to be calculated by deducting proper depreciation from the replacement value of the item. The Insurers will also pay any normal charges for the dismantling of the item destroyed, but the value of any salvage will be taken into account.&nbsp; The destroyed item shall no longer be covered under this Policy, and all necessary data on the relevant substitute item shall be indicated for its inclusion in the Schedule.&nbsp; (The Insurers may agree - by application of the relevant endorsement-to extend this insurance to cover reimbursement of the full replacement value.)</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">As from the date of an indemnifiable occurrence the sum insured shall be reduced for the remaining of insurance by the amount of indemnity paid, unless the sum insured is reinstated.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">Any extra charges incurred for overtime, night-work, work on public holidays, or express freight, are covered by this insurance only if especially agreed in writing.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">The cost of any alterations, additions, improvements or overhauls shall not be recoverable under this Policy.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">The costs of any provisional repairs will be borne by the Insurers if such repairs constitute part of the final&nbsp;&nbsp; repairs and do not increase the total repair expenses.</p>\n\n<p style="margin-left:13.5pt; text-align:justify">&nbsp;</p>\n\n<p style="margin-left:13.5pt; text-align:justify">The Insurers will make payments only after being satisfied by production of the necessary bills and documents that the repairs have been effected or replacement has taken place, as the case may be.</p>\n', '', 500, '', '2018-04-25 13:26:12', '2018-04-25 13:26:12', 69, 69),
(787, '1', 'MAR-VAL-CLA', 'MARKET VALUE CLAUSE', '<p>Notwithstanding what has been stated in the contrary under this policy. It is hereby declared and agreed that in the event of loss or damage to merchandise (finished stock) the basis of loss settlement shall be selling price or the fair market value of the said merchandise or finished stocks at the time loss, provided that declaration of values shall be made on the same basis, otherwise no payment shall&nbsp; be made beyond amount which would have been payable under this policy if this clause has not been incorporated therein.&nbsp;</p>\n', '', 1491, '', '2018-05-02 15:44:55', '2018-05-02 15:44:55', 194, 194),
(788, '1', 'DEB-REM-DEM', 'DEBRIS REMOVAL CLAUSE INCLUDING DEMOLITION', '<p>This Policy covers the cost of removal of debris of any of the property of the insured following damage or destruction by fire or any other peril hereby insured against, including legal liability for the cost of removal of such debris from adjoining premises, roadways, or waterways.</p>\n\n<p>The indemnity afforded by this item shall not apply to or include liability assumed by the insured under agreement entered into after the commencing date of the insurance by this item unless such liability would have attached to the Insured in the absence of such Agreement.<br />\n<br />\nIt is agreed and understood that this extension is limited to the amount stated in the Policy Schedule and that any payment under this extension shall not increase insurer&#39;s liability under this policy.</p>\n', '', 912, '', '2018-05-11 11:17:55', '2018-05-11 11:17:55', 194, 194),
(789, '1', 'TID-WAV-TSUM', 'TIDAL WAVE &/OR TSUNAMI ENDORSEMENT', '<p>It is hereby declared and agreed that this insurance shall extend to cover direct loss or damage caused by tidal wave and/or tsunami. For purposes of this endorsement. &quot;Tidal Wave and/or Tsunami&quot; shall mean an unusually high sea wave caused by duly registered earthquake and/or volcanic eruption.</p>\n\n<p>All losses caused by tidal wave or series of tidal wave during each period of 48 consecutive hours commencing from the first tidal wave shall be considered as arising out of one occurrence.</p>\n\n<p>Is further understood and agreed that all the conditions of the policy to which this endorsement is attached shall apply, except as they may be hereby expressly varied, and that any reference therein to loss or damage by fire shall be deemed to apply also to loss or damage directly caused by tidal wave and/or tsunami.</p>\n\n<p><!--EndFragment--></p>\n', '', 5642, '', '2018-05-22 12:55:35', '2018-05-22 12:55:35', 194, 194),
(790, '2', 'REPLACEMENT CLAUSE', 'REPLACEMENT CLAUSE', '<p>In the event of loss of or damage to any part of parts of an insured machine caused by a peril covered by the Policy the sum recoverable shall not exceed the cost of replacement or repair of such part or parts plus charges for forwarding and refitting, if incurred but excluding duty unless the full duty is included in the amount insured, in which case loss, if any, sustained by payment of additional duty shall also be recoverable. Provided always that in no case shall the liability of Underwriters exceed the insured value of the complete machine.</p>\n', '', 450, '', '2018-05-24 10:57:25', '2018-05-29 10:30:33', 202, 215),
(791, '1', 'LOS-OF-REN-CLA', 'LOSS OF RENT CLAUSE', '<p>This policy covers loss of rent resulting from necessary interruption of business caused by damage of destruction of the building described under this policy by the perils insured against commencing from the date of such damage and destruction but limited to a period of three months.&nbsp;<br />\nRecovery in this amount of loss under this policy, this extension shall be computed (as stated in the policy schedule)&nbsp;but shall not exceed the total amount specified as sum insured for loss or rental in the policy, nor not more than three months whichever is less.</p>\n', '', 753, '', '2018-05-28 15:13:20', '2020-10-21 10:57:03', 194, 194),
(792, '1', 'AUD-CLA', 'AUDITORS CLAUSE', '<p>Any particulars or details contained in the Insured&#39;s book of account or other business books or documents which may be required by the Insurers under the conditions of this policy for the purpose of verifying or investigating any claim hereunder may be produced by the auditors or professional accountants if at the same time they are regularly acting as such for the Insured and their report shall be prima facie evidence of the particulars and details to which such report relates.</p>\n', '', 755, '', '2018-05-28 15:15:13', '2018-05-28 15:15:13', 194, 194),
(793, '1', 'PRO-ACC-FEE', 'PROFESSIONAL ACCOUNTANT''S FEES', '<p>The insurers will pay to the Insured the reasonable charges by the Insured to their professional accountants for producing such particulars or details or any other proofs, information or evidence as maybe required by the Insurers under the terms of this Policy and reporting that such particulars or details are in accordance with the Insured&#39;s books of account or other business books or documents.&nbsp;</p>\n', '', 756, '', '2018-05-28 15:16:23', '2020-09-28 14:28:04', 194, 194),
(794, '1', 'PRE-DEN-ACC-CLA', 'PREVENTION / DENIAL OF ACCESS CLAUSE', '<p><span style="font-family:courier new,courier,monospace">Notwithstanding anything contained in this policy to the contrary, this Policy hereby covers subject to the conditions of this policy, loss resulting from interruption of or interference with the business in consequence of damage to property in the vicinity of the premises, whether property of the insured therein shall be damaged or not, shall be deemed to be loss resulting from damage to property used by the Insured at the premises.</span></p>\n', '', 757, '', '2018-05-28 15:17:27', '2019-10-03 15:04:53', 194, 194),
(795, '1', 'PUB-UTI-EXT', 'PUBLIC UTILITIES EXTENSION', '<p>It is agreed that loss resulting from interruption of or interference with the business directly or indirectly arising from damage to property at any:&nbsp;<br />\nA.) Generating station or sub-station of the public electricity supply undertaking .<br />\nB.) Premises of the public gas supply undertaking or of any natural gas producer linked directly therewith.&nbsp;<br />\nC.) Water works or pumping station of the public water supply undertaking shall be deemed to be loss resulting from damage to property used by the Insured at the premises provided that the liability under this memorandum in respect of any one occurrence shall not exceed the sum insured by each item.&nbsp;<br />\nProvided also that this policy shall not be liable for any loss insured by this memorandum unless the failure of supply of electricity gas or exceeds a period of ONE HUNDERD TWENTY (120) hours and the liability under this memorandum shall apply only to such period in excess of ONE HUNDRED TWENTY (120) hours.<br />\n&nbsp;</p>\n', '', 758, '', '2018-05-28 15:18:29', '2018-05-28 15:18:29', 194, 194),
(796, '1', 'MON-INS', 'MONEY INSURANCE', '<p>The Insurer shall subject to the amount covered by this Policy indemnify the Inured against loss of Money by any cause occurring within the Insured&#39;s Premises.&nbsp;<br />\nThe Insurer shall not be liable, however, in respect of:&nbsp;<br />\n1. any loss or damage directly or indirectly proximately or remotely occasioned by contributed to by or traceable to or arising out of or in connection with war invasion act of foreign enemy hostilities (whether war be declared or not) civil war, rebellion, mutiny, revolution, insurrection or military or usurped power, strike, riot, military or popular uprising or loot, sack or pillage in connection therewith.&nbsp;<br />\n2. any shortage of Money due to error or omission&nbsp;<br />\n3. any loss caused by:&nbsp;<br />\n(i) any dishonest, fraudulent or criminal act of the Insured or of any director, trusted or authorized representative of the Insured whether acting or in conjunction with others&nbsp;<br />\n(ii) the voluntary giving or surrendering of any Money (iii) forgery by whomsoever committed (iv) war, invasion, civil war, insurrection, rebellion, or the like (v) terrorism, sabotage, or terrorist acts&nbsp;<br />\nand in the event of any claim hereunder the Insured shall prove that the loss or damage arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequence thereof and in default of such proof the Insurer shall not be liable &#39;o make any payment in respect of any such claim.&nbsp;</p>\n', '', 759, '', '2018-05-28 15:19:22', '2019-07-25 10:39:51', 194, 194);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(798, '1,4', 'PA-POL-COND', 'PA POLICY CONDITION', '<p style="text-align:center"><strong>TABLE OF BENEFITS &ndash; I</strong></p>\n\n<p style="text-align:center"><strong>&nbsp;</strong></p>\n\n<p style="text-align:justify">Section&nbsp;&nbsp; A. Death ....................... The Capital Sum Insured<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; B. Permanent Disablement<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;or Dismemberment ............ Percentages of the Capital Sum Insured<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;specified in Table of Benefits II.</p>\n\n<p style="text-align:justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. 1 Temporary Total<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Disablement ............... The Weekly Indemnity if a specific premium<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;charge is indicated above.</p>\n\n<p style="margin-left:36.0pt; text-align:justify">&nbsp; &nbsp; C. 2 Temporary Partial<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Disablement ............... One-third of the Weekly Indemnity,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;if a specific premium charge is indicated<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;above.</p>\n\n<p style="margin-left:36.0pt; text-align:justify">&nbsp; &nbsp; D. Medical or Surgical<br />\n&nbsp; &nbsp; &nbsp;Treatment ..................... If a specific premium charge is indicated<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;above actual expense incurred for such<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;treatment&nbsp;but not exceeding the amount,<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;if any,stated above as Medical<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Reimbursement.</p>\n\n<p style="text-align:justify"><br />\nThe Provisions and Conditions printed and written by the Company on the succeeding pages hereof form part of this contract as fully as if stated over the signature hereto affixed.</p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong><span style="color:black">TABLE OF BENEFITS - II (Permanent Disablement or Dismemberment)</span></strong></span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><span style="color:black">Description of Disablement&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Percentage of the Capital Sum</span></span></span><br />\n<span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><span style="color:black">Loss of two limbs ................................................ 100%</span><br />\n<span style="color:black">Loss of both hands, or all fingers and both thumbs ............... 100%<br />\nLoss of both feet ................................................ 100%<br />\nLoss of one hand and one foot .................................... 100%<br />\nLoss of sight of both eyes ....................................... 100%</span></span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><span style="color:black">Any other injury causing permanent total disablement ............. 1% per month up&nbsp;<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;to 100 months<br />\n<br />\nLoss of arm at or above elbow ....................................&nbsp;70%</span><br />\n<span style="color:black">Loss of arm between elbow and wrist .............................. 50%</span><br />\n<span style="color:black">Loss of hand .....................................................&nbsp;50%<br />\nLoss of four fingers and thumb of one hand .......................&nbsp;50%<br />\nLoss of four fingers ............................................. 35%<br />\nLoss of leg at or above knee ..................................... 60%<br />\nLoss of leg below knee ........................................... 50%<br />\nLoss of one foot ................................................. 50%<br />\nLoss of toes - all of one foot ................................... 25%<br />\nLoss of thumb .................................................... 15%<br />\nLoss of index finger .............................................&nbsp;10%<br />\nLoss of sight of one eye ......................................... 50%<br />\nLoss of speech ................................................... 50%<br />\nLoss of hearing - both ears ...................................... 50%<br />\n&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; one ear ........................................ 25%</span></span></span><br />\n&nbsp;</p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>DEFINITIONS</strong></span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">1.&nbsp;&nbsp;Permanent total loss of the use of a member shall be considered and treated as loss of such member.<!--[if !supportLists]--><br />\n2.&nbsp;&nbsp;The loss of the first joint of the thumb or index finger shall be considered as equal to the loss of one-half of the thumb or index finger and the benefits shall be one-half of the benefits specified for the loss of the thumb or index finger.<!--[if !supportLists]--><br />\n3.&nbsp;&nbsp;The loss of more than one phalange of the thumb or index finger shall be treated as loss of the entire thumb or index finger.<!--[if !supportLists]--><br />\n4.&nbsp;&nbsp;Loss of sight shall mean the complete and irrecoverable loss of sight.<!--[if !supportLists]--><br />\n5.&nbsp;&nbsp;Loss of speech shall mean the complete and irrecoverable loss of speech.<br />\n6.&nbsp;&nbsp;Loss of hearing shall mean the complete and irrecoverable loss of hearing.<br />\n7.&nbsp;&nbsp;Permanent Total Disablement shall mean that the Insured is totally and permanently disabled and prevented by reason of bodily injury which does not result in any of the specific losses enumerated above, from engaging in each and every occupation or employment for compensation or profit for which he is reasonably qualified by reason of his education, training or experience, provided such disability has continued for a period of twelve consecutive months and is diagnosed total, continuous and permanent at the end of this period.&nbsp; Payment of the benefits starts on the thirteenth (13<sup>th</sup>) Month.<!--[if !supportLists]--><br />\n8.&nbsp;&nbsp;Temporary total disablement shall mean disablement by reason solely of the injury necessarily immediately and continuously resulting in incapacity from attending to each and every duty pertaining to the Insured&rsquo;s occupation.<!--[if !supportLists]--><br />\n9.&nbsp;&nbsp;Temporary partial disablement shall mean incapacity by reason of the injury from attending to some material duty pertaining to the Insured&rsquo;s occupation.<!--[if !supportLists]--><br />\n10.&nbsp;&nbsp;Medical or Surgical Treatment shall mean that the Company will reimburse the actual expense incurred but not to exceed the aggregate amount payable stated in the Schedule as a result of any one accident, when by reason of injury, the insured shall require treatment by a legally qualified physician or surgeon, confinement in a hospital or the employment of a licensed or graduate nurse.</span></span></p>\n\n<h1 style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>&nbsp;PROVISIONS</strong></span></span><!--[if !supportLists]--></h1>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">1.&nbsp;&nbsp;&nbsp;<!--[endif]-->Compensation under Section C.1 and C.2 in respect of any one injury shall not be payable for more than 52&nbsp;weeks from the commencement of the disablement.<!--[if !supportLists]--><br />\n2.&nbsp;&nbsp;Any sum short of 100% which may be paid under table of Benefits II (Permanent Disablement or Dismemberment)shall be accounted in diminution of the Capital Sum Insured, so that in the case of supervening death directly and necessarily resulting from one and the same bodily injury, the total amount payable by the Company for all Claims under table of benefits I and II as a result of any one accident shall not exceed the amount payable in case of death under Section A of Table of Benefits I.<!--[if !supportLists]--><br />\n3.&nbsp;&nbsp;No. Indemnity will be paid under, any circumstance for more than one of the losses specified in Table of Benefits II,&nbsp; (Permanent Disablement or Disablement).&nbsp; In case of occurrence of losses indemnifiable under Table of Benefits II, the Company shall pay only the indemnity corresponding to the greatest loss.&nbsp; &nbsp;<!--[endif]-->&nbsp;</span></span></p>\n\n<h1 style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>SPECIAL BONUS</strong></span></span></h1>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">An increase of five (5) per centum in the original Capital Sum Benefits for each year of the renewal up to five (5) consecutive years will be allowed the Insured but in no case shall the total bonus exceed twenty five (25) per centum of the original Capital Sum benefits. Such special bonus will be extended to the Insured only of the first P100, 000.00 Capital Sum benefit regardless of the number of policies the Insured may have with the company.</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">&nbsp;<br />\n<strong>EXCLUSIONS</strong></span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">The insurance with respect to the above hazards shall not apply to:<!--[if !supportLists]--><br />\na)&nbsp;&nbsp;loss caused directly or indirectly, wholly or partly by:<!--[if !supportLists]--><br />\n(1)&nbsp;bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound); or infections caused by parasites;<!--[if !supportLists]--><br />\n(2)&nbsp;<!--[endif]-->Medical or surgical treatment.&nbsp; (except such as may be necessary solely by reason of injuries covered by this policy and performed within the time provided in the policy):<!--[if !supportLists]--><br />\n(3)&nbsp;&nbsp;miscarriage or pregnancy;<!--[if !supportLists]--><br />\nb)&nbsp;&nbsp;&nbsp;Suicide or any attempt thereat (sane or Insane);<!--[if !supportLists]--><br />\nc)&nbsp;&nbsp;&nbsp;Murder or assault or any attempt thereat;<!--[if !supportLists]--><br />\nd)&nbsp;&nbsp;Loss occasioned by war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), mutiny, strikes, riots, civil commotion, civil war, rebellion, revolution, insurrection, conspiracy, military or usurped&nbsp; power, martial law, or state of siege, seizure, quarantine, or customs regulations or nationalization by or under the order of any government or public or local authority.&nbsp; This exclusion shall not be affected by any endorsement which does not specifically refer to it, in whole or in part.&nbsp; The application of the exclusion referring to material law or state of siege or any of the events or causes which determine the proclamation or maintenance of martial law or state of siege is hereby waived for any territorial jurisdiction of the Republic of the Philippines.<!--[if !supportLists]--><br />\ne)&nbsp;&nbsp;Nuclear radiation or radioactive contamination;<!--[if !supportLists]--><br />\nf)&nbsp;&nbsp;Injury sustained while participating in professional athletics or any organized and scheduled amateur physical contact sport;<!--[if !supportLists]--><br />\ng)&nbsp;&nbsp;Injury sustained while engaging in mountaineering requiring the use of ropes or guides, skin diving employing the use of compressed air cylinders, racing on wheels or horseback, skydiving from a device for serial navigation, hang gliding;<!--[if !supportLists]--><br />\nh)&nbsp;&nbsp;Cave-in of mines.</span></span></p>\n\n<h1 style="margin-left:0cm; text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>COVERAGE AS RESPECTS FLYING</strong></span></span></h1>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The coverage of this policy as respects flying is limited to loss occurring while the insured is riding solely as a passenger, not as an operator or crew member, in boarding or alighting from:&nbsp; (a) a certificated passenger aircraft provided by a commercial airline on any regular, scheduled or non-scheduled special or chartered flight, and operated by a properly certificated pilot flying between duly established and maintained airports, or (b) any transport type aircraft operated by the Military Air Transport Service (MATS) of the United States of America or by the similar air transport service of any duly constituted governmental authority of the recognized government of any nation anywhere in the world.</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>&nbsp;</strong><strong>CONDITIONS</strong></span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>(as may apply to the coverage&rsquo;s of this policy)</strong></span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">1.&nbsp;&nbsp;This policy includes the endorsements and attached papers, if any, and contains the entire contract of insurance.&nbsp; None of the provisions, conditions, and terms of this policy shall be waived or altered except by endorsement, signed or initialed by an authorized official of the Company and issued in accordance with the provisions of Section 50 of the Insurance Code.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">2.&nbsp;&nbsp;The policy is conditional upon the questions contained in the application form forming the basis of the Insurance having been truly answered and if an untrue answer shall have been given to any of such questions or if any material fact touching the health habits or occupation of the Policyholder has been or shall upon any renewal of the policy be suppressed or concealed from the knowledge of the Company, or any misrepresentation or suppression be made upon giving any notice of accident or upon or in connection with any claim hereunder, the policy will be void.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">3.&nbsp;If default be made in the payment of the agreed premium for this policy, the subsequent acceptance of a premium by the Company or by any of its duly authorized agents shall reinstate the policy, but only to cover loss resulting from accidental injury sustained subsequent to the acceptance date.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">4.&nbsp;&nbsp;Written notice of injury on which claim may be based must be given to the Company within thirty days after the date of the accident causing such injury.&nbsp; In event of accidental death immediate notice thereof must be given to the Company.&nbsp; <strong>&nbsp;</strong></span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">5.&nbsp;&nbsp;Such notice given by or in behalf of the Insured or beneficiary as the case may be, to the Company, at the city of Manila or to any authorized agent of the Company, with particulars sufficient to identify the insured shall be deemed to be notice to the Company.&nbsp; Failure to give notice within the time provided in this policy shall not invalidate any claim if it shall be shown not to have been reasonably possible to give such notice and that notice was given as soon as was reasonably possible.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">6.&nbsp;&nbsp;The Company, upon receipt of such notice, will furnish to the claimant such forms as are usually furnished by it for filing proofs of loss.&nbsp; If such form are not so furnished within thirty days after receipt of such notice the claimant shall be deemed to have complied with the requirements of this policy as to proof of loss upon submitting within the time fixed in the policy for filing proofs of loss written proof covering the occurrence, character and extent of the loss for which claim is made.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">7.&nbsp;&nbsp;Affirmative proof of loss must be furnished to the Company at its said office in case of claim for loss of time from disability within ninety days after the termination of the period for which the Company is liable and in case of claim for any other loss, within one hundred eighty days after the date of such loss.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">8.&nbsp; The company shall have the right and opportunity to examine the person of an Insured when and as often as it may reasonably require during the pendency of claim hereunder, and the right and opportunity to make an autopsy in case of death where it is not forbidden by law.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">9.&nbsp;All indemnities provided in this policy for loss other than that of time on account of disability will be paid immediately after receipt of due proof.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">10.&nbsp;&nbsp;Indemnity for loss or life of the Insured is payable to the beneficiary, if surviving the Insured, and otherwise to the estate of the Insured.&nbsp; All other indemnities of this policy are payable to the Insured.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">11.&nbsp;&nbsp;Upon request of the Insured and subject to due proof of loss, all accrued indemnity for loss of time on account of disability will be paid at the expiration of each four weeks during the continuance of the period for which the Company is liable, and any balance remaining unpaid at the termination of such period will be paid immediately upon receipt of due proof.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">12.&nbsp;If the insured be injured after having changed his occupation to one classified by the Company as more hazardous than that stated in this policy or while doing for compensation anything pertaining to an occupation so classified, the Company will pay only such portion of the indemnities provided in this policy as the premium paid would have purchased at the rates and within the limits fixed by the Company for such more hazardous occupation.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">If the insured changes his occupation to one classified by the Company as less hazardous than that stated in this policy, the Company, upon receipt of proof of such change of occupation, will reduce the premium rate accordingly, and will return the excess pro rata unearned premium from the date of change of occupation or from the policy anniversary date immediately preceding receipt of such proof, whichever is the more recent.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In applying this condition, the classification of occupational risk and the premium shall be such as have been last promulgated by the Company prior to the occurrence of the loss for which the Company is liable or prior to date of proof of change in occupation.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">13.&nbsp;&nbsp;No action at law or in equity shall be brought to recover on this policy prior to the expiration of sixty days after proof of loss has been filed in accordance with the requirements of this policy, nor shall such action be brought either in the Insurance Commission or any Court of competent jurisdiction after two years from the expiration of the time within which proof of loss is required by the policy.</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">14.&nbsp;&nbsp;This policy may not be cancelled by the Company except upon prior notice thereof to the Insured, and no notice of cancellation shall be effective unless it is based on the occurrence after the effective date of the policy, of one or more of the following:</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->&nbsp;</span></span><!--[if !supportLists]--></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">a)&nbsp;non-payment of premium;<!--[if !supportLists]--><br />\nb)&nbsp;<!--[endif]-->conviction of a crime arising out of acts increasing the hazard Insured against:<!--[if !supportLists]--><br />\nc)&nbsp;discovery of fraud or material misrepresentation;<!--[if !supportLists]--><br />\nd)&nbsp;discovery of willful or reckless acts or omissions increasing the hazard insured against;<!--[if !supportLists]--><br />\ne)&nbsp;a determination by the Commission that the continuation of the policy would violate or would place the insurer in violation of this Code.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">All notices of cancellation shall be in writing, mailed or delivered to the insured at the address shown in the policy, and shall state (a) which of the grounds set forth is relied upon and (b) that, upon written request of the name insured, the insurer will furnish the facts on which the cancellation is based.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">If the insured cancels, earned premiums shall be computed in accordance with the applicable percentage indicated below, but in no event less than the Company&rsquo;s customary minimum premium:</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>Percent of Annual Premium</strong></span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">2 months (minimum)....... 40%</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">3 months ................ 50%</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">4 months ................ 60%</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">5 months ................ 70%</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">6 months ................ 75%</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">Over 6 months ............ 100%</span></span></p>\n\n<p style="text-align:justify"><br />\n<span style="font-size:12px"><span style="font-family:courier new,courier,monospace">16.&nbsp;&nbsp;&nbsp; <!--[endif]-->No assignment of interest under this policy shall be binding upon the Company unless and until the original or duplicate thereof is filed at a branch or the home office of the Company.&nbsp; The Company does not assume any responsibility for the validity of any assignment.&nbsp; No change of beneficiary under this policy shall bind the Company unless consent thereto is formally endorsed hereon by the authorized agent of the Company.&nbsp; No provision of charter, constitution or by-laws of the Company shall be used in defense of any claim arising under this policy unless such provision is incorporated in full in this policy.</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->17.&nbsp;&nbsp;&nbsp; <!--[endif]-->This policy may be renewed with the consent of the Company from term to term, by payment of the premium in advance at the Company&rsquo;s premium rate in force at time of renewals.&nbsp; The insured is, however, entitled to renew the policy, upon payment of the premium due on the effective date of the renewal if the Company fails to mail or deliver to the Insured at the address shown in the policy at least forty-five (45) days in advance of the end of the policy or to condition its renewal upon reduction of limits or elimination of coverage&rsquo;s.</span></span></p>\n\n<p style="text-align:center"><br />\n<span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>CIVIL CODE ARTICLE 1250 WAIVER CLAUSE</strong></span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">&nbsp;IT IS HEREBY DECLARED AND AGREED that the provision of Article 1250 Civil Code of the Philippines (Republic Act No. 386) which reads:</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">&ldquo;In case an extraordinary inflation of the currency stipulated should supervene, the value of the currency at the time of establishment of the obligation shall be the basis of payment.&rdquo;</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">Shall not apply in determining the extent of liability under the provisions of this policy.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">All Applicable provision of Presidential Decree No. 612, otherwise known as the Insurance Code. Are deemed to have been incorporated in this policy, certificate or contract of Insurance and will supersede any agreement/condition inconsistent therewith. </span></span></p>\n\n<p style="text-align:center"><br />\n<span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>RECEIPT OF PAYMENT CLAUSE</strong></span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">IT IS HEREBY DECLARED AND AGREED that notwithstanding anything to the contrary contained in this policy this insurance will be deemed as valid and binding upon the Company only when the premium therefore have actually been paid in full and duly acknowledged in a receipt signed by authorized official/representative of the company.</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">&nbsp;<br />\n<strong>TERMINATION CLAUSE</strong></span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>&nbsp;</strong>&ldquo;This contract shall terminate only in the event of accidental death as provided herein or upon expiry.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the aggregate benefits payable under this contract in respect of any one accident resulting in loss(es)within <strong>180 </strong>days from date of accident(s) shall not exceed the principal sum (e.g) loss of life, loss of both hands or feet, loss of sight of both eyes and either hand or foot.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the aggregate benefits payable under the Dismemberment/Disability Benefit of this contract in respect of one or more accident (s)&nbsp; resulting in loss (es) within <strong>180</strong> days from date of accident (s) shall not exceed the principal sum. (i.e. for subsequent accident resulting in any loss (es) which would make the aggregate benefits exceed the principal sum, the amount (s) payable under the Dismemberment/Disability Benefit shall be the principal sum less the amount(s) paid for such loss (es) shall not terminate the contract in so far as accidental death benefit is concerned.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">In any policy year, the amount of benefit for loss of life, arising from independent/unrelated accident/event shall always be &nbsp; the principal sum.</span></span></p>\n\n<p style="text-align:center"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>&nbsp;</strong><br />\n<strong>IMPORTANT NOTICE CLAUSE</strong></span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">The Insurance Commissioner, with offices in Manila, Cebu and Davao, is the government official in charge of the faithful execution and enforcement of all laws relating to insurance and has supervision over insurance companies.&nbsp; He is ready at all times to render assistance in settling any controversy between an Insurance Company and a policyholder relating to insurance matters.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">For your own protection you are requested to read this Policy in full, including its conditions, and if it is not in accordance with your intentions, please return it immediately for correction.</span></span></p>\n\n<p style="text-align:justify"><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">IT IS FURTHER DECLARED AND AGREED THAT THERE SHALL BE NO RECOVERY UNDER THIS POLICY IF MURDER AND ASSAULT OR ANY ATTEMPT THETREAT SHALL OCCUR IN ANY OF THE FOLLOWING PLACES:</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace">1.&nbsp;LANAO DEL NORTE<!--[if !supportLists]--><br />\n2.&nbsp;LANAO DEL SUR<!--[if !supportLists]--><br />\n3.&nbsp;SOUTH COTABATO<!--[if !supportLists]--><br />\n4.&nbsp;NORTH COTABATO<!--[if !supportLists]--><br />\n5.&nbsp;ZAMBOANGA DEL NORTE<!--[if !supportLists]--><br />\n6.&nbsp;ZAMBOANGA DEL SUR<!--[if !supportLists]--><br />\n7.&nbsp;SULU ARCHIPELAGO<!--[if !supportLists]--><br />\n8.&nbsp;MAGUINDANAO<!--[if !supportLists]--><br />\n9.&nbsp;SULTAN KUDARAT<!--[if !supportLists]--><br />\n10.&nbsp;BASILAN<!--[if !supportLists]--><br />\n11.&nbsp;JOLO</span></span></p>\n\n<p><span style="font-size:12px"><span style="font-family:courier new,courier,monospace"><strong>&nbsp;</strong></span></span></p>\n', '', 600, '', '2018-06-01 09:11:11', '2020-07-22 15:38:01', 69, 288),
(799, '4', 'PANG-FIN-END', 'PANGKABUHAYAN FINAL ENDORSEMENT', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">It is hereby declared and agreed that effective in addition to the standard terms and conditions and benefits of personal accident insurance. pangkabuhayan assistance is deemed covered under this policy.</span></p><p style="text-align:justify"><span style="font-family:courier new,courier,monospace">PANGKABUHAYAN ASSISTANCE: The Company shall provide the beneficiary or the insured in case of accidental death/permanent disablement under the following conditions:</span></p><p style="text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->1.&nbsp;&nbsp;&nbsp; <!--[endif]-->The Pangkabuhayan assistance will include food cart with size of 3&rsquo;x 2&rsquo;x 6&rdquo;, location site assistance within Metro Manila, crew training, kitchen training, corresponding recipe, food for training procedures, training modules, CD if applicable of which the same products, training and service shall be similar to the training provided to the paying franchisee.</span></p><p style="text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->2.&nbsp;&nbsp;&nbsp; <!--[endif]-->Accredited franchising company is Silver Ace Franchising and Business</span></p><p style="margin-left:36.0pt; margin-right:0cm; text-align:justify"><span style="font-family:courier new,courier,monospace">Development or any franchising company accredited with Alliedbankers Insurance Corporation</span></p><p style="text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->3.&nbsp;&nbsp;&nbsp; <!--[endif]-->ABIC will directly settle the payment with the franchise company upon submission by the insured of all required documents relative to the claim and based on terms and conditions between Alliedbankers and the franchise company.</span></p><p style="margin-left:54.0pt"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->ABIC Claims Department shall endorse all pertinent documents/information of the Insured and its beneficiaries to the Accredited Franchising Co.</span></p><p style="margin-left:54.0pt"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->The Accredited Franchising Company shall handle all necessary processing, procedure, training for the beneficiaries before it will endorse the pangkabuhayan package. </span></p><p style="margin-left:54.0pt"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->Availment of pangkabuhayan assistance is limited to a period of six (6) months after the personal accident claims has been filed.</span></p><p style="margin-left:54.0pt"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]-->Pangkabuhayan Assistance is not convertible to cash. In case the beneficiary(ies) is a minor, it can be transferred to the guardian.</span></p><p style="text-align:justify"><span style="font-family:courier new,courier,monospace"><strong><span style="font-size:8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOTE : PANGKABUHAYAN PACKAGE FREIGHT AND HANDLING WILL BE SHOULDERED BY THE ASSURED</span></strong></span></p>', '', 550, '', '2018-06-01 09:12:14', '2018-08-22 16:57:06', 69, 245),
(800, '5', 'DED-END', 'DEDUCTIBLE ENDORSEMENT', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">IT IS HEREBY UNDERSTOOD AND AGREED that the deductibles, the amount to be first borne by the Insured in respect of each and every occurrence for loss or damage to Section I - Material Damage under this Policy shall be as follows:</span></p>\n\n<p style="margin-left:31.5pt; margin-right:38.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:2.0in; margin-right:47.5pt"><span style="font-family:arial,sans-serif">a.)&nbsp;&nbsp; 5% of loss, minimum &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp; for each and every loss or damage arising out of</span></p>\n\n<p style="margin-left:2.0in; margin-right:47.5pt"><span style="font-family:arial,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of <s>P</s>500,000.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; earthquake, storm, typhoon, cyclone,&nbsp; flood,&nbsp; inundation,&nbsp; subsidence,&nbsp; landslide,&nbsp;&nbsp; collapse,&nbsp;&nbsp;&nbsp; rockslide, tempest, volcanism, tsunami or wave, broad water damage.</span></p>\n\n<p style="margin-left:2.0in; margin-right:47.5pt"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:2.0in; margin-right:47.5pt"><span style="font-family:arial,sans-serif">b.)&nbsp;&nbsp; 5% of loss, minimum&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; -&nbsp; for each and every loss or damage arising out of</span></p>\n\n<p style="margin-left:2.0in; margin-right:47.5pt"><span style="font-family:arial,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of <s>P</s>250,000.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any other cause.</span></p>\n', '', 999, 'DEDUCTIBLE ENDORSEMENT', '2018-06-07 16:59:04', '2018-06-07 16:59:04', 245, 245),
(801, '5', 'STA-END', 'STANDARD ENDORSEMENTS', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">IT IS HEREBY UNDERSTOOD AND AGREED, subject to the exceptions and conditions contained herein and of any endorsements hereon, notwithstanding what has been stated to the contrary, that:</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">1.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers will not indemnify the Insured in respect of loss, damage or liability directly or indirectly arising from any cause whatsoever occurring or already in existence prior to <u>November 2, 2017</u> or during any other period when this Policy was not in force.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">2.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers are liable for making good any loss or damage to such an extent as cost involved and values of labor and materials are included in the sum insured.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">3.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers shall not be liable under the Policy to indemnify the Insured for loss or damage arising out of earthquake unless the Insured proves that the earthquake risk was duly taken into account in the design in accordance with the latest edition of the National Structural Code for Building and that the qualities of materials and workmanship and the dimensions of which the calculations were based on were adhered to.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">4.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">All claims under the Policy shall be settled on the basis of the sum insured mentioned in the Schedule of the Policy unless the Insured has increased the sum insured up to the price level prevailing at the time of occurrence of the damage.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">5.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">If at the time of any loss, damage or liability covered by this Policy there shall be any other insurance covering such damage, effected by or on behalf of the Insured, the Insurers shall not be liable for more than their ratable proportion of such damage. If such other insurance is subject to any condition of advantage to the Insurers this Policy shall be subject to such conditions in like manner. The Insurers shall not be liable for the damage which is or would but for the existence of this Policy be insured by any Policy covering Marine, Fire and/or Explosion Risks.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">6.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The Insurers will only indemnify the Insured with respect to Third Party for loss of or damage to existing underground cables and/or pipes or all other underground facilities if, prior to the commencement of works, the Insured has inquired with the relevant authorities of the exact position of such cables, pipes or other underground facilities.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">The indemnity shall in any case be restricted to the repair cost of such cables pipes or other underground facilities any consequential damage being excluded from the cover.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">7.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">In respect of Section II (Third Party Liability), this policy will not respond to any liability or damage arising out of or caused by the overflow, discharge or leakage of water or any form of liquid or contaminants.</span></p>\n', '', 167, 'STANDARD ENDORSEMENTS', '2018-06-07 17:01:07', '2018-06-07 17:01:07', 245, 245);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(802, '5', 'STR-RIO-CIV', 'STRIKE, RIOT AND CIVIL COMMOTION', '<p style="margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">It is agreed and understood, that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this Policy shall be extended to cover loss or damage due to riot, strike and civil commotion which for the purpose of this Endorsement shall mean (subject always to the Special Conditions hereinafter contained) loss of or damage to the property insured directly caused by:</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">1.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">the act of any person taking part together with others in any disturbances of the public peace (whether in connection with a strike or lockout or not) not being an occurrence mentioned in Condition 2 of the Special Conditions hereof,</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">2.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">the action of any lawfully constituted authority in suppressing or attempting to suppress any such disturbance or in minimizing the consequences of any such disturbance,</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">3.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">the willful act of any striker or locked-out worker performed in furtherance of a strike or in resistance to a lockout,</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">4.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">the action of any lawfully constituted authority in preventing or attempting to prevent any such act or in minimizing the consequences of any such act,</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">Provided that it is hereby further expressly agreed and declared that</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">1.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">all the terms, exclusions, provisions and conditions of the Policy shall apply in all respects to the insurance granted by this extension save in so far as the same are expressly varied by the following Special Conditions, and any reference to loss or damage in the wording of the Policy shall be deemed to include the perils hereby insured against,</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">2.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">the following Special Conditions shall apply only to the insurance granted by this extension, and the wording of the Policy shall apply in all respects to the insurance granted by the Policy as if this Endorsement had not been made thereon.</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">Special Conditions</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">1.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">This insurance does not cover</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="1">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">loss or damage resulting from total or partial cessation of work or the retarding, interruption or cessation of any process or operation,</span></li>\n</ol>\n\n<p style="margin-left:.5in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="2">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">loss or damage occasioned by permanent or temporary dispossession resulting from confiscation, commandeering or requisition by any lawfully constituted authority,</span></li>\n</ol>\n\n<p style="margin-left:.5in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="3">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">loss or damage occasioned by permanent or temporary dispossession of any building resulting from the unlawful occupation by any person of such building,</span></li>\n</ol>\n\n<p style="margin-left:.5in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="4">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">consequential loss or liability of any kind or description, any payments over and above the indemnity for the material damage as provided herein,</span></li>\n</ol>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">Provided nevertheless that the Insurers are not relieved under b or c above of any liability to the Insured in respect of physical damage to the property insured occurring before dispossession or during temporary dispossession.</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">2.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">This insurance does not cover any loss or damage occasioned by or through or in consequences, directly or indirectly, of any of the following occurrences, namely:</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="1">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war, </span></li>\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">mutiny, civil commotion assuming the proportion of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, military or usurped power,</span></li>\n</ol>\n\n<p style="margin-left:.5in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<ol start="3">\n	<li style="text-align:justify"><span style="font-family:arial,sans-serif">any act of any person acting on behalf of or in connection with any organization with activities directed toward the overthrow by force of the government de jure or de facto or to the influencing of it by terrorism or violence.</span></li>\n</ol>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">In any action, suit or other proceeding, where the Insurers allege that by reason of the provisions of this condition any loss or damage is not covered by this insurance, the burden of proving that such loss or damage is covered shall be upon the Insured.</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">3.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">This insurance may at any time be terminated by the Insurers on notice to that effect being given by registered post to the Insured&#39;s last known address, in which case the Insurers shall be liable to repay a ratable proportion of the premium for the unexpired term from the date of termination.</span></p>\n\n<p style="margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><!--[if !supportLists]--><span style="font-family:arial,sans-serif">4.&nbsp;&nbsp;&nbsp;&nbsp; </span><!--[endif]--><span style="font-family:arial,sans-serif">The limit of indemnity any one occurrence as stated below shall be understood to limit the indemnity for all loss and damage covered by this Endorsement during a consecutive period of 168 hours.</span></p>\n\n<p style="margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">The aggregate liability of the Insurers during the period of cover of this Policy shall be limited by twice the limit of indemnity any one occurrence.</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:2.5pt; text-align:justify"><strong><span style="font-family:arial,sans-serif">Limit of Indemnity:</span></strong><span style="font-family:arial,sans-serif"> <s>P</s>10,000,000.00 Aggregate</span></p>\n', '', 1, 'STRIKE, RIOT AND CIVIL COMMOTION', '2018-06-07 17:02:57', '2018-06-07 17:02:57', 245, 245),
(803, '5', 'EXT-MAI', 'EXTENDED MAINTENANCE', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended for the maintenance period specified hereunder to cover loss of or damage to the contract works</span></p>\n\n<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">- caused by the insured contractor(s) in the course of the operations carried out for the purpose of complying with the obligations under the maintenance provisions of the contract,</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">- occurring during the maintenance period provided such loss or damage was caused on the site during the construction period before the certificate of completion for the lost or damaged section was issued.</span></p>\n\n<p style="margin-right:1.45pt"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:1.45pt"><strong><span style="font-family:arial,sans-serif">Maintenance Cover</span></strong><span style="font-family:arial,sans-serif"> :</span></p>\n\n<p style="margin-right:1.45pt"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:27.0pt; margin-right:1.45pt"><span style="font-family:arial,sans-serif">From &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; :&nbsp; November 3, 2018</span></p>\n\n<p style="margin-left:27.0pt; margin-right:1.45pt"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:27.0pt; margin-right:1.45pt"><span style="font-family:arial,sans-serif">To&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; :&nbsp; November 2, 2019</span></p>\n\n<p style="margin-right:1.45pt"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p><strong><span style="font-family:arial,sans-serif">Deductible&nbsp; :&nbsp;&nbsp; </span></strong><span style="font-family:arial,sans-serif">5% of loss, minimum of <s>P</s>500,000.00- each and every loss</span></p>\n', '', 4, 'EXTENDED MAINTENANCE', '2018-06-07 17:04:22', '2018-06-07 17:04:22', 245, 245),
(804, '5', 'AIR-FRE', 'AIRFREIGHT', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover extra charges for airfreight.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Provided always that such extra charges are incurred in connection with any loss of or damage to the insured items recoverable under the Policy.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Provided further that the maximum amount payable under this Endorsement in respect of airfreight shall not exceed the amount stated below during the period of insurance.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Deductible : 20% of indemnifiable extra charges, minimum <s>P</s>25,000.00 each and every loss</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Maximum amount payable:&nbsp; </strong><s>P</s>1,000,000.0</span></p>\n', '', 7, 'AIRFREIGHT', '2018-06-07 17:06:03', '2018-06-08 09:16:21', 245, 245),
(805, '5', 'WAR-CON-EAR', 'WARRANTY CONCERNING STRUCTURES IN EARTHQUAKE ZONES', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability arising out of earthquake if the Insured proves that the earthquake risk was taken into account in design according to the official building codes valid for the site and that the qualities of material and workmanship and the dimensions on which the calculations were based were adhered to.</span></p>\n', '', 8, 'WARRANTY CONCERNING STRUCTURES IN EARTHQUAKE ZONES', '2018-06-07 17:08:26', '2018-06-08 09:09:52', 245, 245),
(806, '5', 'PRO-OFF-STO', 'PROPERTY IN OFF-SITE STORAGE', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that, notwithstanding the terms, exclusions, provisions and conditions of the policy or any endorsements agreed upon and subject to the insured having paid the agreed extra premium, Section I of the policy shall be extended to cover loss or damage to property insured (except property being manufactured, processed or stored at the manufacturer&rsquo;s, distributor&rsquo;s or supplier&rsquo;s premises) in the off-site storage stated below provided that the liability of the Insurers hereon shall be limited to the amount herein specified:</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Off-site Storage Location: to be declared</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity: <s>P</s>10,000,000.00/site</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The Insurers will not indemnify the Insured for loss or damage caused by the neglect of generally accepted loss prevention measures for warehouse or storage units.&nbsp; Such measures include, in particular</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Ensuring that the storage area is properly guarded, protected against fire, as appropriate for the particular location or type of property stored;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">- Separating the storage units by fire-proof walls or by a distance of at least 50 meters;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Positioning and designing the storage unit/s in such a way as to prevent damage by accumulating water or flooding due to rainfall or by a flood with a statistical return period of less than 20 years.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->- Limiting the value of insured properties per storage unit to <s><u>P</u></s><u>2,000,000.00.</u></span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The Insurers hereby acknowledge, and thus confirm policy coverage, of the declaration of the Insured that minor assembly works such as the welding together of piping materials at the said off-site storage prior to delivery at the project site.&nbsp; Provided, however, that the coverage extension afforded under this Endorsement shall not apply to works or materials not intended for the insured project</span></p>\n', '', 13, 'PROPERTY IN OFF-SITE STORAGE', '2018-06-07 17:09:39', '2018-06-08 09:17:47', 245, 245),
(807, '5', 'TES-MAC-INS', 'TESTING OF MACHINERY AND INSTALLATIONS', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the period of cover shall be extended to include a test operation or a test loading but not beyond four weeks from the date of commencement of the test.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">If, however, a part of a plant or one (or several) machine(s) is (are) tested and/or put into operation or taken over, the cover for that particular part of the plant or machine(s) and any liability resulting therefrom cease whereas the cover continues for the remaining parts to which the above does not apply.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is further understood and agreed that for the machinery and installations undergoing a test, exclusions &ldquo;c&rdquo; and &ldquo;d&rdquo; of the Exclusions to Section I of the Policy are deleted and the following exclusion shall apply:</span></p>\n\n<p style="margin-right: 1.45pt; text-align: center;"><span style="font-family:courier new,courier,monospace">&ldquo;loss or damage due to faulty design, defective material or casting, bad workmanship other than faults in erection;&rdquo;</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">In the case of second-hand items, the insurance hereunder shall, however, cease immediately on the commencement of the test.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Deductible:&nbsp; 5% of loss, minimum of <s>P</s>500,000.00- each and every loss</span></p>\n', '', 100, 'TESTING OF MACHINERY AND INSTALLATIONS', '2018-06-07 17:11:39', '2018-06-08 09:18:40', 245, 245),
(808, '5', 'SPE-CON-UND', 'SPECIAL CONDITIONS CONCERNING UNDERGROUND CABLES, PIPES AND OTHER FACILITIES', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured in respect of loss of or damage to existing underground cables and/or pipes or other underground facilities if, prior to the commencement of works, the Insured has inquired with the relevant authorities about the exact position of such cables, pipes or other underground facilities and takes all necessary steps to avoid damage to same.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Claims in respect of loss of or damage to such underground facilities which are in the same position as shown on the underground maps (drawings, indicating the position of the underground facilities) shall be payable after applying a deductible of 25% of the loss amount or as stated below.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Claims in respect of loss or damage to underground facilities incorrectly shown on the underground map shall be payable after applying the deductible stated under &ldquo;b&rdquo; below.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The indemnity shall in any case be restricted to the repair costs of such cables, pipes or other underground facilities, any consequential loss or damage and penalties being excluded from the cover.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Deductibles&nbsp; : 25% of loss amount, minimum <s>P</s>100,000.00 each and every loss</span></p>\n', '', 102, 'SPECIAL CONDITIONS CONCERNING UNDERGROUND CABLES, ', '2018-06-07 17:13:13', '2018-06-08 09:19:13', 245, 245),
(809, '5', 'EXC-LOS-DAM', 'EXCLUSION OF LOSS OR DAMAGE TO CROPS, FORESTS AND CULTURES', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability directly or indirectly caused to crops, forests and/or any cultures during the execution of the contract works.</span></p>\n', '', 103, 'EXCLUSION OF LOSS OR DAMAGE TO CROPS, FORESTS AND ', '2018-06-07 17:15:00', '2018-06-08 09:11:19', 245, 245),
(810, '5', 'CAM-AND-STO', 'CAMPS AND STORES', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability directly or indirectly caused to camps and stores by fire, flood or inundation if these camps and stores are located above the highest water level recorded anywhere on the site during the last 20 years and the individual storage units are either&nbsp; at least 50 m apart or separated by fire walls.</span></p>\n\n<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is also agreed that the Insurers shall&nbsp; indemnify the Insured for any one occurrence only up to a limit of indemnity of</span></p>\n\n<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><s>P</s>5,000,000.00 Aggregate - for camps,</span></p>\n\n<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><s>P</s>2,000,000.00 - for each individual storage unit.</span></p>\n', '', 107, 'CAMPS AND STORES', '2018-06-07 17:15:52', '2018-06-08 09:20:09', 245, 245),
(811, '5', 'SPE-CON-MES', 'SPECIAL CONDITIONS CONCERNING SAFETY MEASURES WITH RESPECT TO PRECIPITATION, FLOOD AND INUNDATION', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss, damage or liability caused directly or indirectly by precipitation, flood or inundation if adequate safety measures have been taken in designing and executing the project involved.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">For the purposes of this Endorsement adequate safety measures shall mean that, at all times throughout the policy period, allowance is made for precipitation, flood and inundation up to a return period of 20 years for the location insured on the basis of the statistics prepared by the meteorological agencies.&nbsp;</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">Loss, damage or liability resulting from the Insured&rsquo;s not immediately removing obstructions (e.g., sand, trees) from watercourses within the construction site, whether carrying water or not, in order to maintain free waterflow shall not be indemnifiable.</span></p>\n', '', 110, 'SPECIAL CONDITIONS CONCERNING SAFETY MEASURES WITH', '2018-06-07 17:17:17', '2018-06-08 09:20:30', 245, 245),
(812, '5', 'SPE-CON-FIR', 'SPECIAL CONDITIONS CONCERNING FIRE FIGHTING FACILITIES AND FIRE SAFETY ON CONSTRUCTION SITES', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS AGREED AND UNDERSTOOD that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss or damage directly or indirectly caused by or resulting from fire or explosion provided always that:</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->1. with regard to the progress of work adequate fire-fighting equipment and sufficient extinguishing agents are available and operative at all times. Fully operative wet riser hydrants are installed up to one level below the highest current work level and are sealed by temporary end caps;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">2. the cabinets containing hose reels and portable fire extinguishers are inspected at regular intervals&nbsp; but at least twice a week;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">3. fire compartments as required by local regulations are installed as soon as possible after the removal of formwork.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&nbsp;Openings for lift shafts, service ducts and other voids are&nbsp; &nbsp; &nbsp;provisionally closed as possible but not later than at the&nbsp; &nbsp; &nbsp; &nbsp;commencement of fit-to-work;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">4. waste material is removed regularly. All floors undergoing fit-out are cleared of combustible waste at the end of each working day;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">5. a &ldquo;permit to work&rdquo; system is implemented for all contractors engaged in &ldquo;hot work&rdquo; of any kind such as but not limited to </span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - grinding, cutting or welding operations,</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - use of blow lamps and torches,</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - application of hot bitumen,</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">or any other heat-producing operation.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&ldquo;Hot work&rdquo; is&nbsp; carried out only in the presence of at least&nbsp; one worker equipped with a fire extinguisher and trained in fire fighting.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The area of any &ldquo;hot work&rdquo; is examined one hour after the work has finished;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">6.&nbsp;&nbsp; storage of material for the construction or erection shall be subdivided into units not exceeding the value stated below per storage unit. The individual storage units be either at least 50 m apart or separated by fire-proof walls.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">All flammable material especially all flammable liquids and gases shall be stored at a sufficiently large distance from the property under construction or erection and any hot work;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">7. a Site Safety Coordinator is appointed.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">A reliable fire alarm system is installed and whenever possible a direct communication link maintained with the nearest fire brigade.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">A Fire Protection Plan and a Site Fire Action Plan are implemented and updated regularly</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The contractor&rsquo;s personnel are trained in fire-fighting and fire-fighting drills are carried out weekly</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">The nearest fire brigade is familiarized with the site and immediate access maintained for it at all times.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">8. The site is fenced off and access controlled.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Value per Storage Unit : <s>P</s>2,000,000.00</span></p>\n', '', 112, 'SPECIAL CONDITIONS CONCERNING FIRE FIGHTING FACILI', '2018-06-07 17:18:55', '2018-06-08 09:31:36', 245, 245),
(813, '5', 'TRU-RIS-CLA', 'TRUCK RISK CLAUSE', '<p style="margin-left:0in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace">This Policy will cover loss or damage to the items covered under Section I during transit to the contract site resulting from the following:</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">1. Fire, including self-ignition and internal explosion of the conveyance;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">2. Accidental collision of the vehicle with any other automotive vehicle or object excluding however contact with any portion of the roadbed, curving, any stationary object while backing for loading or unloading or rails or ties of streets and excluding collisions of the load with any object when such collision of the load with any object does not involve collision of the carry truck;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">3. Overturning or upset of the motor truck;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">4. Collapse or subsidence of bridge;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">5. Explosion;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">6. Flood (meaning rising of navigable waters), lightning, cyclone and tornado;</span></p>\n\n<p style="margin-left:.25in; margin-right:56.5pt"><span style="font-family:courier new,courier,monospace">7. Loading from declared offsite and unloading at the Construction Site</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">provided that the insured property is suitably packed and/or prepared for transit which shall also be deemed to include stowage,</span></p>\n\n<p><span style="font-family:courier new,courier,monospace">This cover does not apply to transit on waterways or by air.</span></p>\n\n<p style="margin-left:.25in; margin-right:56.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Limit of Indemnity per Conveyance :&nbsp; </strong><s>P</s>2,000,000.00 </span></p>\n\n<p style="margin-left:.25in; margin-right:56.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Deductible&nbsp; : </strong><s>P</s>250,000.00 each and every loss</span></p>\n', '', 113, 'TRUCK RISK CLAUSE', '2018-06-07 17:20:37', '2018-06-08 09:27:52', 245, 245),
(814, '5', 'DES-RIS', 'DESIGNER’S RISK', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, exclusion c) under Special Exclusions to Section I of the Policy shall be deleted and exclusion d replaced by the following wording:</span></p>\n\n<p style="margin-left:.25in; margin-right:19.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">&ldquo;d) The cost of replacement, repair or rectification of loss of or damage to items due to defective material and/or workmanship and/or faulty design, but this exclusion shall be limited to the items immediately affected and shall not be deemed to exclude loss of or damage to correctly executed items resulting from an accident due to such defective material and/or workmanship and/or faulty design.&rdquo;</span></p>\n\n<p style="margin-right:19.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong><span style="font-size:5pt">&nbsp;</span></strong></span></p>\n\n<p><span style="font-family:courier new,courier,monospace"><strong><span style="font-size:10pt">Limit of Indemnity: </span></strong><s><span style="font-size:10pt">P</span></s><span style="font-size:10pt">10,000,000.00 aggregate</span></span></p>\n', '', 115, 'DESIGNER’S RISK', '2018-06-07 17:21:44', '2018-06-08 09:32:13', 245, 245),
(815, '5', 'INS-CON-WOR', 'INSURED CONTRACT WORKS TAKEN OVER OR PUT INTO SERVICE', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended to cover</span></p>\n\n<p><span style="font-family:courier new,courier,monospace"><span style="font-size:10pt">- loss of or damage to parts of the insured contract works taken over or put into service if such loss or damage emanates from the construction of the items insured under Section I and happens during the period of cover.</span></span></p>\n', '', 116, 'INSURED CONTRACT WORKS TAKEN OVER OR PUT INTO SERV', '2018-06-07 17:22:54', '2018-06-08 09:32:33', 245, 245),
(816, '5', 'NOR-WET-RIS', 'NORMAL WET RISKS', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS AGREED AND UNDERSTOOD that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers will not indemnify the Insured in respect of</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;expenses incurred for dewatering,</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;loss or damage due to failure of the dewatering system if such failure could have been avoided by sufficient stand-by facilities,&nbsp;For the purpose of this endorsement standby facilities shall mean standby pumps and back-up power supply kept on the site at all times. Furthermore, such facility shall:</span></p>\n\n<p style="margin-left:39.0pt; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->a.&nbsp;be maintained in proper working condition</span></p>\n\n<p style="margin-left:39.0pt; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->b. be run at regular intervals to ensure proper working condition</span></p>\n\n<p style="margin-left:39.0pt; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->c. automatically take over in the event of failure or interruption of the original system</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;expenses&nbsp; incurred&nbsp; for&nbsp; additional&nbsp; insulation&nbsp; and&nbsp; facilities&nbsp; for the&nbsp; discharge&nbsp;&nbsp; of run-off and/or&nbsp; underground water</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;expenses incurred for the repair of eroded slopes or other graded areas, if the&nbsp; Insured has failed to take the measures required or to take them in time,</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">- expenses incurred for the repair of cracks, grouting and/or any other measures to remedy leakage or prevent of water into excavations and basement.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;expenses incurred for the removal of landslides in excess of the cost of excavating the original material from the area affected by such landslide</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;loss or damage due to subsidence and/or gradual settlement if caused by insufficient compacting or due to incorrect or insufficient piling or insufficient improvement of subsoil and/or due to foreseeable subsidence likely to occur having regard to subsoil material and/or methods of construction used.</span></p>\n', '', 121, 'NORMAL WET RISKS', '2018-06-07 17:23:50', '2018-06-08 09:32:49', 245, 245),
(817, '5', 'TYP-PRE', 'TYPHOON PRECAUTION', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED that otherwise subject to the terms, provisions, conditions and exclusions contained in the policy or endorsed thereon, the following provisions shall be a precondition to any liability covered by this Policy:</span></p>\n\n<p style="margin-left:27.0pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->a. the Insured shall have at all times efficient and continuous contact to the weather office (PAGASA) and should heed precautions in the event of imminent storms/typhoons;</span></p>\n\n<p style="margin-left:27.0pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->b. all waterborne crafts and vessels shall be moored at least 500 meters away from the project area one day before the expected passing of the typhoon.</span></p>\n', '', 125, 'TYPHOON PRECAUTION', '2018-06-07 17:24:38', '2018-06-08 09:33:27', 245, 245),
(818, '5', 'DRE-REC-CLA', 'DREDGING/RECLAMATION CLAUSE', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED that this Policy shall not be liable for any loss, damage or liability directly or indirectly caused to or by the items insured under this Policy attributable to:</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->a. Loss of Fill</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->b. Natural action of the sea</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->c. Natural settlement of fills</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->d. Impact of waterborne crafts and vessels.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS ALSO UNDERSTOOD AND AGREED that this Policy shall not be liable for any dredging or re-dredging operations.</span></p>\n', '', 126, 'DREDGING/RECLAMATION CLAUSE', '2018-06-07 17:25:35', '2018-06-08 09:34:02', 245, 245);
INSERT INTO `mstwarrantclause` (`code`, `line_mst_code`, `short_name`, `warrant_title`, `warrant_text`, `default_peril_mst_codes`, `print_order`, `remarks`, `created_at`, `updated_at`, `created_user_mst_code`, `updated_user_mst_code`) VALUES
(819, '5', 'VIB-REM-WEA', 'VIBRATION, REMOVAL AND WEAKENING OF SUPPORT', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, Section 2 of this insurance shall be extended to cover liability consequent upon loss or damage caused by vibration or by the removal or weakening of support;</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">Provided always that:</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">-&nbsp;&nbsp;&nbsp;&nbsp; the Insurers shall indemnify the Insured in respect of liability for loss or damage to any property or land or building only if such loss or damage results in the total or partial collapse,</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]-->-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]--><span style="font-family:arial,sans-serif">the Insurers shall indemnify the Insured in respect of liability for loss or damage to any property or land or building only if prior to the commencement of construction its condition is sound and the necessary loss prevention measures have been taken,</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]-->-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]--><span style="font-family:arial,sans-serif">the Insured if required shall before commencement of construction and at his own expense, prepares a report on the condition of any endangered property or land or building.</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">The Insurers shall not indemnify the Insured in respect of liability for</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]-->-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]--><span style="font-family:arial,sans-serif">loss or damage which is foreseeable having regard to the nature of the construction work or the manner of its execution;</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]-->-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]--><span style="font-family:arial,sans-serif">superficial damage which neither impairs the stability of the property, land or buildings nor endangers their users;</span></p>\n\n<p style="margin-left:22.5pt; margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-left:45.0pt; margin-right:1.45pt; text-align:justify"><!--[if !supportLists]-->-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <!--[endif]--><span style="font-family:arial,sans-serif">the costs of loss prevention or minimization measures which become necessary during the period of insurance.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><strong><span style="font-family:arial,sans-serif">Aggregate Limit of Indemnity&nbsp;&nbsp; : </span></strong><span style="font-family:arial,sans-serif">&nbsp;<s>P</s>1,000,000.00</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">&nbsp;</span></p>\n\n<p style="margin-right:56.5pt; text-align:justify"><strong><span style="font-family:arial,sans-serif">Deductible</span></strong><span style="font-family:arial,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; : 25% of loss, min. of <s>P</s>100,000.00 each and every loss</span></p>\n', '', 129, 'VIBRATION, REMOVAL AND WEAKENING OF SUPPORT', '2018-06-07 17:26:39', '2018-06-07 17:26:39', 245, 245),
(820, '5', 'EXI-PRO', 'EXISTING PROPERTY', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED, that loss of or damage to property located on or adjacent to the site belonging to or held in care, custody or control of the Principal(s) or Contractor(s) shall be covered up to a maximum policy aggregate limit of <s><u>P</u></s><u>15,000,000.00</u> only if occurring in direct connection with the construction or erection insured under Section I and happening during the period of cover.&nbsp; </span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Furthermore, the indemnity shall in any case be restricted to the repair costs of such damaged property and any consequential loss or damage being excluded in the cover.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">This cover does not apply to construction/erection machinery and construction/erection plant and equipment.</span></p>\n\n<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Deductible: </strong>25% of loss, minimum of <s>P</s>250,000.00<strong>&nbsp; </strong>each and every loss</span></p>\n', '', 132, 'EXISTING PROPERTY', '2018-06-07 17:27:28', '2018-06-08 10:24:11', 245, 245),
(821, '5', 'HOU-CLA', '72 HOURS CLAUSE', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS AGREED that any loss or damage to the insured property arising during any one period of 72 consecutive hours caused by storm, tempest, flood or earthquake, shall be deemed as a single event and therefore to constitute one occurrence with regard to the Excesses provided for herein.&nbsp; For the purpose of the foregoing, the commencement of any such 72 hour period shall be decided at the discretion of the Insured it being understood and agreed, however, that there shall be no overlapping in any two or more such 72 hour periods in the event of damage occurring over a more extended period of time.</span></p>\n', '', 133, '72 HOURS CLAUSE', '2018-06-07 17:29:43', '2018-06-08 10:24:31', 245, 245),
(822, '5', 'PRO-FEE', 'PROFESSIONAL FEES', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS DECLARED AND AGREED that this policy covers architects&rsquo;, surveyors&rsquo; and professional fees necessarily incurred in the reinstatement of the contract works consequent upon its loss or damage but not for preparing any claim, it being understood that the amount payable under this policy in respect of such fees shall not exceed those authorized by the appropriate professional body.</span></p>\n\n<p style="margin-left:0in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Limit of Indemnity</strong> : 10% of loss, maximum of <s>P</s>1,000,000.00 </span></p>\n', '', 135, 'PROFESSIONAL FEES', '2018-06-07 17:30:47', '2018-06-08 10:24:49', 245, 245),
(823, '5', 'ESC-CLA', 'ESCALATION CLAUSE', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS DECLARED AND AGREED that, if during the period of insurance the value of the Contract shall be in excess of the total estimated contract price, the sum insured shall be increased automatically by the amount of such excess value but not exceeding in all 20% of the sum insured as stated in the Schedule and that a declaration of actual total contract price shall be made to the Insurers from time to time as the need arises and finally ninety (90) days before the end of the Policy period. Correspondingly, the deductibles shall be increased automatically to the proportion of the increased sum insured as it bears to the original sum insured. Accordingly, a premium adjustment shall be made at the end of the Policy Period charging the appropriate premium difference between the original sum insured and the final sum insured. </span></p>\n', '', 141, 'ESCALATION CLAUSE', '2018-06-07 17:31:38', '2018-06-08 10:25:01', 245, 245),
(824, '5', 'AUT-REI-CLA ', 'AUTOMATIC REINSTATEMENT CLAUSE ', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">In consideration of the insurance by the material damage section of this Policy not being reduced by the amount of any loss, the Insured undertakes to pay such reasonable and appropriate additional premium as may be required by the Insurers on the amount of loss from the date on which the property lost, destroyed or damaged is repaired, reinstated or replaced and becomes the legal property or responsibility of the Insured to the date of expiry of the Construction Period of the particular Insured Contract in connection with which the loss occurred;</span></p>\n\n<p><span style="font-family:courier new,courier,monospace"><span style="font-size:10pt">Provided that the additional premium as aforesaid shall not exceed a pro-rata amount for the period referred to based on the original premium paid or payable in respect of the particular Insured Contract in connection with which the loss occurred.</span></span></p>\n', '', 145, 'AUTOMATIC REINSTATEMENT CLAUSE ', '2018-06-08 08:31:40', '2018-06-08 10:25:33', 245, 245),
(825, '5', 'AUT-EXT-COV', 'AUTOMATIC EXTENSION OF COVER', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD&nbsp; AND AGREED that otherwise subject to the terms, exclusions, provisions&nbsp; and conditions&nbsp; contained in the Policy or endorsed thereon, this&nbsp; Policy&nbsp; shall&nbsp; be&nbsp; automatically&nbsp; extended for ninety (90) days upon the written advice of&nbsp; the Insured/s.&nbsp; Extension of this cover shall however, be in full force and effect only after the Insured has paid the agreed extra premium.</span></p>\n\n<p style="margin-right:38.5pt"><span style="font-family:courier new,courier,monospace"><strong><span style="font-size:6pt">&nbsp;</span></strong></span></p>\n', '', 149, 'AUTOMATIC EXTENSION OF COVER', '2018-06-08 08:32:49', '2018-06-08 10:25:51', 245, 245),
(826, '1,5', 'PRO-IND-PRO', 'PROFESSIONAL INDEMNITY & PRODUCT LIABILITY EXCLUSION', '<p style="margin-left:0in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">This Policy shall not cover any legal liability of the Principals and/or Professionals and/or Consultants and/or their authorized representatives which could have been covered by a separate Professional Indemnity Insurance Policy and/or Product Liability Insurance Policy.</span></p>\n', '', 156, 'PROFESSIONAL INDEMNITY & PRODUCT LIABILITY EXCLUSI', '2018-06-08 08:34:08', '2019-08-06 16:27:15', 245, 194),
(827, '5', 'FOR-SCA', 'FORMWORKS, SCAFFOLDS', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is hereby understood and agreed that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, cover on formworks, scaffolds, supporting structures and the like shall be subject to the following:</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->a. Formworks, scaffolds, supporting structures and the like as defined herein are fixtures of temporary construction, e.g., woods forms, plywood forms, etc.&nbsp; Temporary structures of steel construction, e.g., steel/metal scaffolds and forms are to be regarded as Construction Equipment.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->b. In the event of loss or damage to formworks, scaffolds, supporting structures and the like, the extent of loss by which the Insurers shall be liable shall be limited to the reasonable cost of such formworks, scaffolds, supporting structures and the like in so far a they are included in the contract costs insured under this Policy less charges for depreciation of such formworks, scaffolds, supporting structures and the like.</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">Depreciation as defined by thus cover shall be computed as follows:</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>&nbsp; &nbsp; &nbsp; &nbsp;L</strong><sub>o</sub>&nbsp;Where: <strong>D</strong> = depreciation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></p>\n\n<p style="margin-left:.25in; margin-right:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; D</strong> = -- x <strong>S</strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>L</strong><sub>o</sub>= number of months the items(s) is/are service</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in"><span style="font-family:courier new,courier,monospace"><strong>L</strong><sub>I&nbsp;&nbsp;</sub><strong>L</strong><sub>i=&nbsp; </sub>reasonable useful life of the item(s)</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in"><span style="font-family:courier new,courier,monospace"><strong>S</strong> = reasonable value of the item(s) as can be computed from the contract costs insured this policy.</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">c. where temporary structures of steel construction herein defined as Construction Equipment are alleged to be part of the contract insured by this Policy, the liability of the Insurers shall be limited to the cost of use.&nbsp; Cost of use as defined herein shall be computed as follows:</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in"><span style="font-family:courier new,courier,monospace">COST OF USE = <strong>V</strong><sub>e</sub> &ndash; <strong>V</strong><sub>n</sub>&nbsp; </span></p>\n\n<p style="margin-left:.25in; margin-right:.25in"><span style="font-family:courier new,courier,monospace">Where: <strong>V</strong><sub>e </sub>= value of temporary structure as can reasonably be computed from the insured contract cost</span></p>\n\n<p style="margin-left:.25in; margin-right:.25in"><span style="font-family:courier new,courier,monospace">&nbsp;<strong>V</strong><sub>n </sub>= indentifiable number of uses of&nbsp;this temporary structure during the&nbsp;construction period</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Otherwise temporary structures as defined herein should have been insured separately under Item 2 - Construction Plant and Equipment in the policy Schedule.</span></p>\n', '', 161, 'FORMWORKS, SCAFFOLDS', '2018-06-08 08:35:30', '2018-06-08 10:29:38', 245, 245),
(828, '5', 'TEM-FAC', 'TEMPORARY FACILITIES', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:arial,sans-serif">IT IS HEREBY UNDERSTOOD AND AGREED that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the cover being provided by this policy in respect of temporary facilities like bunkhouses, staff houses, temporary field offices, etc., shall be subject to the policy provisions on the Period of Cover.</span></p>\n', '', 162, 'TEMPORARY FACILITIES', '2018-06-08 08:36:17', '2018-06-08 08:36:17', 245, 245),
(829, '5', 'COV-TEM-FAC', 'COVER FOR TEMPORARY FACILITIES', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS AGREED AND UNDERSTOOD that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, this Insurance shall be extended to cover temporary facilities of the Insured located in the Site described in the Policy Schedule and being used in the execution of the works covered under Section I of this policy up to a limit of Indemnity of <s><u>P</u></s><u>5,000,000.00</u> aggregate.</span></p>\n', '', 163, 'COVER FOR TEMPORARY FACILITIES', '2018-06-08 08:37:06', '2018-06-08 10:29:50', 245, 245),
(830, '5', 'ASB-EXC-CLA', 'ASBESTOS EXCLUSION CLAUSE', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall not indemnify the Insured for loss, damage or liability based upon, arising out of, directly or indirectly resulting from or in consequence of, or any way involving:</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">- &nbsp;&nbsp;&nbsp; asbestos</span></p>\n\n<p style="margin-left:.25in; margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp; &nbsp;any actual or alleged asbestos related injury or damage involving the use, presence, existence, detection, removal, elimination or avoidance asbestos or exposure or potential exposure to asbestos.</span></p>\n', '', 995, 'ASBESTOS EXCLUSION CLAUSE', '2018-06-08 08:38:22', '2018-06-08 10:30:08', 245, 245),
(831, '5', 'TER-EXC-CLA', 'TERRORISM EXCLUSION CLAUSE - NMA 2920', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">Notwithstanding any provision to the contrary within this insurance or any endorsement therein it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly cased by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any other sequence to the loss.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological, or similar purpose including the intention to influence any government and/or to put the public, or any section of the public in fear.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to any act of terrorism.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">If the Underwriters allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving the contrary shall be upon the Assured.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">In the event any portion of this endorsement is found to be invalid or unenforceable the remainder shall remain in full force and effect.</span></p>\n', '', 996, 'TERRORISM EXCLUSION CLAUSE - NMA 2920', '2018-06-08 08:39:47', '2018-06-08 10:30:31', 245, 245),
(832, '1,5', 'WAR-CIV-EXC', 'WAR AND CIVIL WAR EXCLUSION CLAUSE', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">This Agreement does not cover any liability assumed by the Reinsured for loss or damage directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies, hostilities or war- like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming he proportions of or amounting to popular rising, military rising, insurrection, rebellion, revolution, military or usurped power, martial law, confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any Government or public or local authority, or any act of any person or persons acting on behalf of or in connection with any organization the objects of which are to include the overthrowing or influencing of any de jure or de facto government by terrorism or by any violent means.</span></p>\n', '', 994, 'WAR AND CIVIL WAR EXCLUSION CLAUSE', '2018-06-08 08:41:01', '2018-09-13 10:41:26', 245, 194),
(833, '5', 'SET-CLA', 'SETTLEMENT OF CLAIM CLAUSE', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED, that subject to the terms, exclusions, provisions &amp; condition contained in the policy or endorsed thereon, the last paragraph of General Condition No. __<strong><u>5</u></strong>__of the policy should read as follows and not as previously stated.</span></p>\n\n<p style="margin-left:9.0pt; margin-right:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">&quot;&nbsp; The amount of any loss or damage for which Insurer may liable under this Policy shall be paid within thirty days after proof of loss is received by the Insurer and ascertainment of the loss or damage is made either by agreement between the Assured &amp; the Insurer or by arbitration; but if such ascertainment is not had or made within sixty days after such receipt by the Insurer of the proof of loss, then the loss or damage shall be paid within ninety days after such receipt. Refusal or failure to pay the loss or damage within the time prescribed herein will entitle the Assured to collect the interest on the proceeds of the policy for the duration of the delay at the rate of six percent (6%) per annum, unless such failure or refusal to pay is based on the ground that the claim is fraudulent.&quot;</span></p>\n', '', 527, 'SETTLEMENT OF CLAIM CLAUSE', '2018-06-08 08:42:11', '2018-06-08 10:31:00', 245, 245),
(834, '5', 'REM-DEB-DAM ', 'REMOVAL OF DEBRIS OF DAMAGED PROPERTY ', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">This Policy is extended to cover expenses incurred in the removal of all debris of the damaged property insured hereunder which may be occasioned by loss caused by any of the perils insured against in this Policy.&nbsp; In no event, however, shall the additional coverage granted by this Endorsement increase the limit of liability specified in the schedule. </span></p>\n\n<p><span style="font-family:courier new,courier,monospace"><strong>Limit of Indemnity</strong>:&nbsp; <s>P</s>2,000,000.00 Aggregate</span></p>\n', '', 180, 'REMOVAL OF DEBRIS OF DAMAGED PROPERTY ', '2018-06-08 08:43:08', '2018-06-08 10:31:18', 245, 245),
(835, '5', 'TEM-WOR-CLA', 'TEMPORARY WORKS CLARIFICATION', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED that subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon, the temporary works shall mean all structures and their materials which are not intended to form part of the permanent works but which are intended to provide working access to the CONTRACT SITE or to the permanent works or which are intended to provide temporary support to the permanent works under construction or are temporary incorporated therein, but shall not mean: </span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;&nbsp;Contractor&rsquo;s site accommodation and contents;</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">- Structures or their materials intended for re-use after completion of the permanent works unless their full value has been included in the contract price and declared in the policy schedule</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">-&nbsp;&nbsp;Tools and equipment intended for re-use after completion of the permanent works unless their full value has been included in the contract price and declared in the policy schedule.</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity:&nbsp; <s>P</s>10,000,000.00 Aggregate</span></p>\n', '', 181, 'TEMPORARY WORKS CLARIFICATION', '2018-06-08 08:44:11', '2018-06-08 10:32:07', 245, 245),
(836, '5', 'GRA-SET-EXC', 'GRADUAL SETTLEMENT EXCLUSION', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">Notwithstanding anything contained in the Policy to the contrary, the Insurers shall not be liable to indemnify the Insured in respect of loss or damage due to subsidence and/or gradual settlement if caused by insufficient compacting or improvement of subsoil and/or due to foreseeable subsidence likely to occur having regard to subsoil material and/or methods of construction used.</span></p>\n', '', 186, 'GRADUAL SETTLEMENT EXCLUSION', '2018-06-08 08:45:07', '2018-06-08 10:32:17', 245, 245),
(837, '5', 'COS-COM-PUB', 'COST OF COMPLIANCE – PUBLIC AUTHORITIES', '<p style="margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace">This Policy is extended to include such additional cost of reinstatement of the property lost, destroyed or damaged property thereby insured as may be incurred solely by reason of the necessity to comply with Building or other Regulations under or framed in pursuance of any Ordinance or with By-Laws of any Municipal or Local Authority provided that: </span></p>\n\n<p style="margin-left:0in; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->1.)&nbsp;The amount recoverable under this Extension shall not include:</span></p>\n\n<p style="margin-left:.75in; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->a.)&nbsp;the cost incurred in complying with any of the aforesaid Regulation or By-Laws.</span></p>\n\n<p style="margin-left:99.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->i.) in respect of destruction or damage occurring prior to the granting of this Extension.</span></p>\n\n<p style="margin-left:99.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->ii.) in respect of destruction or damage not insured by the Policy.</span></p>\n\n<p style="margin-left:99.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->iii.) under which notice has been served upon the Insured prior to the happening of destruction or damage.</span></p>\n\n<p style="margin-left:99.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->iv.) in respect of undamaged property or undamaged portions of property</span></p>\n\n<p style="margin-left:.75in; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->b.) the additional cost that would have been required to make good property damaged or destroyed to a condition equal to its condition when new had the necessity to comply with any of the aforesaid Regulation or By-Laws not arisen.</span></p>\n\n<p style="margin-left:.75in; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->c.)&nbsp;the amount of any rate, tax duty, development or other charge or assessment arising out of capital appreciation which may be payable in respect of the property or by the owner thereof by reason of compliance with any of aforesaid Regulations or By-Laws.</span></p>\n\n<p style="margin-left:27.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->2.)&nbsp;The work of reinstatement must be commenced and carried out with reasonable dispatch and in any case must be commenced within twelve months after the destruction or damage or within such further time as Insurers may (during the said twelve months) in writing allow and may be carried out wholly or partially upon another site (if the aforesaid Regulations or By-laws so necessitate) subject to the liability of Insurers under this Extension not being thereby increased.</span></p>\n\n<p style="margin-left:27.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->3.) If the liability of Insurers under (any item of) the Policy apart from this Extension shall be reduced by the application of any of the terms and conditions of the Policy then the liability of Insurers under this extension (in respect of any such item) shall be reduced in like proportion.</span></p>\n\n<p style="margin-left:27.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->4.) The total amount recoverable under any item of the Policy shall not exceed the sum insured thereby.</span></p>\n\n<p style="margin-left:27.0pt; margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace"><!--[if !supportLists]-->5.) All the conditions of the Policy except insofar as they may be hereby expressly varied shall apply as if they had been incorporated therein.</span></p>\n\n<p style="margin-right:-3.05pt; text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity : <s>P</s>2,000,000.00 Aggregate </span></p>\n', '', 654, 'COST OF COMPLIANCE – PUBLIC AUTHORITIES', '2018-06-08 08:46:25', '2018-06-08 10:34:08', 245, 245),
(838, '5', 'RES-REC', 'RESTORATION OF RECORDS', '<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">This Policy extends to cover costs and expenses incurred by or on behalf of any of the Insured anywhere within the Territorial Limits mentioned in the Schedule (including, but not limited to, remuneration to any of the Insured for supervising and/or for actual work) in collecting information repairing and/or re-writing and/or reproducing files, plans, drawings, designs, specifications, documents, manuscripts, business and other books and systems, media and records which maybe lost, destroyed or damaged consequent upon the operation of any peril or eventuality hereby insured against.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace"><strong>Limit of Indemnity</strong>: &nbsp;&nbsp;<s>P</s>2,000,000.00 Aggregate (within the site only)</span></p>\n', '', 672, 'RESTORATION OF RECORDS', '2018-06-08 08:47:47', '2018-06-08 10:34:45', 245, 245),
(839, '5', 'EXP-EXP', 'EXPEDITING EXPENSES', '<p><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD &amp; AGREED, that in the event of loss or damage to the Insured Property or any part thereof, the cost of any repair, replacement or rectification admitted under this Policy shall include the additional costs of overtime, weekend and shift working, bonus payments, plants hire charges, express delivery (including airfreight) and the like necessarily and reasonably incurred in expending such repair, replacement or rectification but excluding any such costs solely to expedite the completion of any construction, erection or installation of property not loss or damaged.&nbsp; The cover provided by this Memorandum shall not exceed 10% of the claim had such additional costs not been incurred.</span></p>\n\n<p style="text-align:justify"><span style="font-family:courier new,courier,monospace">Limit of Indemnity :&nbsp; 10% of loss, maximum <s>P</s>2,000,000.00</span></p>\n', '', 678, 'EXPEDITING EXPENSES', '2018-06-08 08:49:05', '2018-06-08 10:35:10', 245, 245),
(840, '5', 'NOM-LOS-ADJ', 'NOMINATED LOSS ADJUSTERS', '<p style="margin-right:1.45pt; text-align:justify"><span style="font-family:courier new,courier,monospace">IT IS HEREBY UNDERSTOOD AND AGREED that:</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">a. The lead Insurer shall have the right to appoint adjusters to control investigation, evaluation, negotiation and reporting of claim under this policy.</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">b. The following are the nominated loss adjusters:</span></p>\n\n<p style="margin-left:.25in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace">1. &nbsp;&nbsp;Cunningham Lindsey Phils., Inc.</span></p>\n\n<p style="margin-left:.25in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace">2. &nbsp;&nbsp;Unified Adjusters &amp; Surveyors (Far East), Inc.</span></p>\n\n<p style="margin-left:.25in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace">3.&nbsp;&nbsp; Henry Hunter Bayne Co., Inc</span></p>\n\n<p style="margin-left:.25in; margin-right:38.5pt; text-align:justify"><span style="font-family:courier new,courier,monospace">4.&nbsp;&nbsp; Claimsmen Adjustment Corporation</span></p>\n\n<p style="margin-left:.25in; text-align:justify"><span style="font-family:courier new,courier,monospace">c. &nbsp;The Adjusters&rsquo; report shall be submitted to the lead Insurer and copy furnished to the other panel of Insurers.</span></p>\n', '', 992, 'NOMINATED LOSS ADJUSTERS', '2018-06-08 08:49:56', '2018-06-08 10:35:50', 245, 245),
(841, '1', 'MET-SUP-MAT', 'METERED SUPPLIES AND MATERIALS', '<p>Cover includes additional water, gas, electricity or other metered supply charges by the insured in consequence of Damage, and for which the the Insured is legally responsible to an amount _______ per location.</p>\n', '', 621, '', '2018-06-18 09:10:48', '2018-06-18 09:10:48', 194, 194),
(842, '1', 'TRA-ACC', 'TRACE AND ACCESS', '<p><span style="font-family:times new roman,serif; font-size:10.0pt">In the event of Damage in consequence of escape of water of fuel or any form from any tank, apparatus or pipe the Insurers will pay the costs necessarily and reasonably incurred by the Insured in locating the source of such damage, and in the subsequent making good of Damage caused as a consequence of locating such source up to an amount of any one claim.</span></p>\n\n<p><!--EndFragment--></p>\n', '', 544, '', '2018-06-18 15:45:03', '2018-06-18 15:45:03', 194, 194),
(843, '1', 'REP-VAL-END', 'REPLACEMENT VALUE ENDORSEMENT', '<p><span style="font-family:times new roman,serif; font-size:10.0pt">It is agreed that the basis of indemnity under this policy is replacement cost and it is warranted that the sum insured shall be equal to the cost of replacement including freight and duties, if any. </span></p>\n\n<p><span style="font-family:times new roman,serif; font-size:10.0pt">If the sum insured on the property is less than the amount required to be insured thereon, the Company will pay only in such proportion as the sum insured bears to the amount required to be insured. Every item, if more than one, shall be separately subject to this condition. </span></p>\n\n<p><span style="font-family:times new roman,serif; font-size:10.0pt">The Company shall waive the operation of this condition if the sum insured is in accordance with the aforesaid requirement on the date of inception of the present insurance, provided that :-</span></p>\n\n<p><span style="font-family:times new roman,serif; font-size:10.0pt">a) If in the event of a loss, it be revealed that the sum insured on any time of the insured property is greater than the amount required to be insured, the insured shall be called upon the increase or decrease the insurance to be the proper figure from the commencement of the present insurance and an adjustment of the premium under this policy shall take place. </span></p>\n\n<p><span style="font-family:times new roman,serif; font-size:10.0pt">b) A similar adjustment may likewise be required by the insurer in the event of any material variation in prices during the currency from the date of such variation. </span></p>\n\n<p><span style="font-family:times new roman,serif; font-size:10.0pt">If the Insured fails to increase the sum insured on any item within one (1) month of a written request to do so by the insurer, the Insured shall forfeit the benefit of this waiver.</span></p>\n', '', 545, '', '2018-06-18 15:46:16', '2018-06-18 15:46:16', 194, 194);
