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5.4pt;	mso-para-margin-top:0in;	mso-para-margin-right:0in;	mso-para-margin-bottom:10.0pt;	mso-para-margin-left:0in;	line-height:115%;	mso-pagination:widow-orphan;	font-size:11.0pt;	font-family:"Calibri","sans-serif";	mso-ascii-font-family:Calibri;	mso-ascii-theme-font:minor-latin;	mso-fareast-font-family:"Times New Roman";	mso-fareast-theme-font:minor-fareast;	mso-hansi-font-family:Calibri;	mso-hansi-theme-font:minor-latin;}</style><![endif]--><!--StartFragment--></p><p>In consideration of the payment by the Insured to the Company of an additional premium, it is hereby agreed that this insurance, as herein defined subject to the Special Conditions hereinafter contained, extends to include loss or damage directly caused by volcanic eruption. Volcanic eruption cover shall be specified only as losses arising from lava flow, pyroclastic ejects, glowing clouds and ashfall caused by the eruption of a volcano as recorded by the Philippine Institute of Volcanology and Seismology (excluding risk within 50 km radius from an active Volcano).</p><p>SPECIAL CONDITIONS</p><p>1. It is a condition of this insurance that the Insured undertakes to exercise all ordinary and reasonable precautions fo the maintenance and safety of the property.</p><p>2. Unless liability is specifically assumed by the amendment to this endorsement the Company shall not be liable for loss or damage to the following property:<br />(a) goods in the open, or<br />(b) drains, water courses, boundary walls, garden walls, retaining walls, gates, posts, fences, driveway roads, walks or bulkheads.</p><p>3. Unless liability is specifically assumed by the amendment to this endorsement, the Company shall not be liable for loss or damage to buildings in the course of construction or reconstruction (or their contents) unless entirely enclosed and under roof with all outside doors and windows permanently in place, or property contained in any portion of any building described in this policy not completely enclosed and roofed.</p><p>4. The Company shall not be liable for:<br />a. Loss or damage caused directly or indirectly by landslide, subsidence, cloudburst or explosion, whether incidental to volcanic eruption or not nor by their weather occurring during or after a volcanic eruption, nor by the neglect of the Insured to use all reasonable areas to save and preserve the property during and after a volcanic eruption.<br />b. Damage as a result of doors, windows, transoms or roof lights being left open, notwithstanding the existence or presence of volcanic eruption.<br />c. Loss or damage to any building, or the contents thereof, if on the happening of such loss or damage the building was already in a damaged, defective, fallen or displaced condition as regards foundations, walls, ceiling, roofs, roof gutters and flushing, roof lights, air vents, doors, windows and transoms.<br />d. Loss or damage occasioned by or through or in consequence of the action or order of any government or public authority.<br />e. Loss or damage to property which at the time of the happening of such loss or damage, is insured by or sold by or would, but for the existence of this policy, the insured by Marine or Plate Glass policy or policies.<br />f. Consequential loss or damage of any kind or description whatsoever<br /><br />5. In the event of this endorsement being surrendered by the Insured for cancellation, the Company shall retain a premium in accordance with the following scale for the time this endorsement has been enforce:<br />For 1 month................. 20% of the annual premium<br />For 2 month................. 30% of the annual premium<br />For 3 month................. 40% of the annual premium<br />For 4 month................. 50% of the annual premium<br />For 5 month................. 60% of the annual premium<br />For 6 month................. 70% of the annual premium<br />For 7 month................. 80% of the annual premium<br />For 8 month................. 90% of the annual premium<br />In excess of 8 months.... 100% of the annual premium.</p><p>6. It is understood and agreed that the Insured shall bear&nbsp;the first 2% of the sum insured on the affected item/s under this endorsement on any one occurrence.</p><p>7. Provided always that all the conditions of the policy to which this endorsement attached shall apply, except as they maybe 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 volcanic eruption.</p>