<p style="text-align:justify">The policy shall not respond to losses due to the following: Any loss or damage occasioned by or through or in consequence directly or indirectly, of any of the following occurrences, namely:</p>

<p style="margin-left:40px; text-align:justify">1. War, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war</p>

<p style="margin-left:40px; text-align:justify">2. Permanent or temporary dispossession resulting from confiscation by any lawfully constituted authority</p>

<p style="margin-left:40px; text-align:justify">3. Mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, insurrection, rebellion, revolution, military or usurped power, 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</p>

<p style="margin-left:40px; text-align:justify">4. Acts of terrorism committed by a person or persons acting on behalf of or in connection with any organization.</p>
